Share of Household Consumption at Current Purchasing Power Parities for Taiwan Province of China
CSHCCPTWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
4.65%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic indicator measures the share of household consumption in Taiwan's total economic output, adjusted for differences in purchasing power across countries.
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 share of household consumption at purchasing power parities (PPP) represents the portion of Taiwan's gross domestic product (GDP) that is attributable to household spending. This metric allows for cross-country comparisons of consumption patterns by accounting for price level differences.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Policymakers and analysts use this trend to understand Taiwan's economic structure and consumer demand.
Key Facts
- Taiwan's household consumption share was 53.4% in 2021.
- Consumption makes up over half of Taiwan's GDP.
- Purchasing power parity adjusts for price level differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Taiwan's total economic output that is attributable to household spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Taiwan's economic structure and consumer demand, which are important for policymakers and analysts to understand.
Q: How is this data collected or calculated?
A: The World Bank calculates this data using household survey and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this consumption share to gauge consumer demand and inform macroeconomic policies in Taiwan.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Taiwan Province of China (CSHCCPTWA156NRUG), retrieved from FRED.