Balance of Payments: Total Net Current Account for Taiwan Province of China
TWNBCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.84
Year-over-Year Change
26.84%
Date Range
1/1/1990 - 1/1/2029
Summary
The Balance of Payments: Total Net Current Account for Taiwan Province of China measures the difference between Taiwan's total inbound and outbound international transactions. This important economic indicator reveals Taiwan's overall trade and financial position with the global economy.
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 current account balance is a key component of a country's balance of payments, tracking the flow of goods, services, and capital across its borders. Monitoring Taiwan's current account status helps policymakers and analysts assess the island's economic health and competitiveness.
Methodology
The data is collected and calculated by Taiwan's central bank based on reports from domestic companies and financial institutions.
Historical Context
The current account balance is closely watched by investors, businesses, and policymakers to gauge Taiwan's trade dynamics and external sector performance.
Key Facts
- Taiwan has run a consistent current account surplus since the 1980s.
- The current account balance reached a record high of $93.5 billion in 2021.
- Taiwan's current account surplus is equivalent to over 14% of its GDP.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Taiwan Province of China measures the difference between Taiwan's total inbound and outbound international transactions, including trade in goods and services as well as net income and transfers.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a crucial indicator of Taiwan's economic performance and competitiveness. It reveals the island's trade dynamics and overall position in the global economy, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Taiwan's central bank based on reports from domestic companies and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor Taiwan's current account balance to assess the island's trade and financial position, informing decisions on exchange rate policy, trade negotiations, and broader macroeconomic management.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to periodic revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Taiwan Province of China (TWNBCAGDPBP6PT), retrieved from FRED.