National Accounts: Real Gross Domestic Product for Taiwan Province of China
TWNNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.15
Year-over-Year Change
-35.14%
Date Range
1/1/1990 - 1/1/2029
Summary
This series measures the real gross domestic product (GDP) for Taiwan Province of China, providing a comprehensive indicator of the island's economic performance and growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP is a key macroeconomic metric that adjusts nominal GDP to account for inflation, allowing for better assessment of economic growth over time. Tracking Taiwan's real GDP is crucial for understanding its overall economic health and development.
Methodology
The data is calculated by the Taiwan National Statistics Office using official government sources.
Historical Context
Policymakers and analysts closely monitor Taiwan's real GDP to inform economic and trade policies.
Key Facts
- Taiwan is one of the world's largest economies and a major trading partner for the U.S.
- Real GDP in Taiwan grew by 3.7% in 2022, indicating a robust economic recovery.
- Taiwan's GDP per capita reached $34,000 in 2022, placing it among the highest-income economies in Asia.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of Taiwan Province of China, which is a key indicator of the island's overall economic performance and growth.
Q: Why is this trend relevant for users or analysts?
A: Tracking Taiwan's real GDP is crucial for understanding its economic health and development, and it informs policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Taiwan National Statistics Office using official government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor Taiwan's real GDP to inform economic and trade policies, as it is a key indicator of the island's overall economic performance.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Taiwan Province of China (TWNNGDPRPCPPPT), retrieved from FRED.