Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Taiwan
PCDGDPTWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,229.69
Year-over-Year Change
55.69%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic indicator measures the per capita purchasing power parity (PPP) converted domestic absorption for Taiwan, providing insights into the country's standard of living and economic development.
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
Domestic absorption represents the total spending on final goods and services within an economy, including household consumption, government spending, and investment. Calculating this metric on a PPP-adjusted per capita basis allows for cross-country comparisons of economic well-being.
Methodology
The data is collected and calculated by the World Bank using the GEKS-CPDW method.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze Taiwan's economic performance and living standards relative to other countries.
Key Facts
- Taiwan's per capita PPP-adjusted domestic absorption was $26,171 in 2021.
- This metric has grown by an average of 2.5% annually over the past decade.
- Taiwan's domestic absorption per capita is among the highest in Asia, reflecting its advanced economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the per capita purchasing power parity (PPP) converted domestic absorption for Taiwan, which represents the total spending on final goods and services within the economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Taiwan's standard of living and economic development, and allows for cross-country comparisons of economic well-being.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the GEKS-CPDW method.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international institutions to analyze Taiwan's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions common for macroeconomic indicators.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Taiwan (PCDGDPTWA620NUPN), retrieved from FRED.