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Real Consumption at Constant 2017 National Prices from the Penn World Table 10.01 database shown in mil. 2017 US$ Date Type: Year; Country: Taiwan Sage Data. Sage Publishing Ltd Sage Data [electronic resource]

Corporate Author
Groningen Growth and Development Centre
Published
Thousand Oaks, CA : Sage Publications, Inc. 2025
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Summary
Estimates real consumption, at constant (2017) national prices. The Penn World Table (PWT) provides relative levels of income, output, input, and productivity covering 183 countries for the period 1950-2019. Its expenditure entries are denominated in a common set of prices in a common currency so that real quantity comparisons can be made, both between countries and over time. It also provides information about relative prices within and between countries, as well as demographic data and capital stock estimates. Following the regionalization of the United Nations International Comparison Programme (ICP) beginning with the 1980 benchmark, Robert Summers and Alan Heston at the Center for International Comparisons of Production, Income and Prices (CICUP) at the University of Pennsylvania used ICP benchmark comparisons as a basis for estimating PPPs (purchasing power parities) for non-benchmark countries and extrapolations backward and forward in time. The Penn World Tables are described in Summers and Heston "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988" (Quarterly Journal of Economics, 1991, May, 327-368). The final version of the PWT (7.1) produced at CICUP was released in 2011. After 2012 PWT is being jointly maintained by Robert Feenstra at University of California-Davis, and Marcel Timmer and Robert Inklaar at the University of Groningen, and hosted at the Groningen Growth and Development Centre. PWT 10.0 incorporates four broad categories of changes: (1) the incorporation of new purchasing power parities (PPPs) data for most countries for the years 2011 to 2017; (2) the incorporation of revised and extended National Accounts data, covering the period up to 2019; and, most notably, (3) revisions to the methodology used to estimate employment data, in particular for low and middle-income countries; and (4) a modification to the methodology for estimating investment by asset. With the incorporation of the new 2017 ICP data in PWT 10.0, the reference year is shifted to 2017. Version 10.01 constitutes a minor revision compared to PWT 10.0 that relates to the calculation of investment deflators and primarily affects the *na variables for capital and TFP, i.e., those primarily designed to capture growth over time. For detail on this change and impacted variables, see the technical documentation.
Subject(s)
ISBN
9781544332048 Sage Data CORE
Type of File/Data
Statistical data with bibliographic citation and abstract.
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