Output-side Real GDP at Current Purchasing Power Parities for Taiwan Province of China
CGDPOSTWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,100,432.63
Year-over-Year Change
15.46%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic trend measures the total output of goods and services in Taiwan, adjusted for differences in purchasing power across countries. It provides a comprehensive view of Taiwan's economic productivity and is widely used by policymakers and analysts to evaluate the country's economic performance.
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
The Output-side Real GDP at Current Purchasing Power Parities for Taiwan Province of China is an indicator of the total value of all final goods and services produced within Taiwan's economy. It is calculated using purchasing power parity (PPP) exchange rates to account for cost-of-living differences across countries, allowing for more accurate cross-country comparisons.
Methodology
The data is collected and calculated by the World Bank using household consumption, government consumption, capital formation, and net exports.
Historical Context
This metric is crucial for assessing Taiwan's economic standing and competitiveness within the global marketplace.
Key Facts
- Taiwan's Output-side Real GDP was $1.25 trillion in 2021.
- Taiwan's economy grew by 6.4% in 2021 based on this metric.
- Taiwan ranks 21st globally in terms of total Output-side Real GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of goods and services produced within Taiwan's economy, adjusted for differences in purchasing power across countries using PPP exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of Taiwan's economic productivity and competitiveness, which is crucial for policymakers and analysts evaluating the country's economic performance and standing within the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household consumption, government consumption, capital formation, and net exports.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess Taiwan's economic standing, guide policy decisions, and benchmark the country's performance against other global economies.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Taiwan Province of China (CGDPOSTWA666NRUG), retrieved from FRED.