Not all rfid tags are passive.
Then it's not a real RFID tag.
By definition all RFID tags require external power, that's what I mean by passive. They do have a CPU and memory, they can't activate on their own, only when powered by an external RF source, a transmitter. Only anti-theft tags without any ID are 100% passive in sense of ONLY being a tuned aerial (dipole for microwave or loop for shortwave tags). ALL RF ID are passive in sense of having no internal power, or else it's not an RFID tag.
Of course regular readers are compact. Only "spying covert" RFID tag readers are bulky as they need a large aerial to direct the signal and pick up the weak tag signal.
The technology is over 40 years old (not disposable then). It's just that it's now cheap enough for disposable/retail and more capable.
gps chips used in smart phones are small enough to implant.
Power and aerial and CPU would be an issue. The chip alone are small enough to implant. But an entire viable GPS receiver, no. Possibly never. Physical limitation on aerial size and efficiency, even if you solved the power issue.
Then you need a CPU and transmitter and aerial. The Transmitter about x10 to x1000 more power consumption depending on range.
I've been designing this sort of stuff since 1980s, so I know the difference between bits that can be miniaturised and bits intrinsically that that can't (like aerials, filters and transmitter power supplies).
Ranges of up to 69 feet have been recorded.
Depends PURELY on power and terminal aerial. Only 3m max (if lucky) for a standard compact terminal. A lot further than 69 feet (I forget exact figure) with a custom spying rig. But no use as said earlier for a "Tracker". You need GPS receiver (GPS is the US system. There are at least three Global Positioning systems using satellite and still one terrestrial system). The Trackers need separate transmitter / receivers to communicate. Anything other than Mobile phone mast system needs large aerials and a LOT of power. You can get gadgets with mobile phone type transmitter/receiver and GPS receiver and aerials all self contained. Some cars and trucks use them. The control centre gets position via mobile phone network and they can then remote control the vehicle. There was an issue with Jeeps that had really no security on it.
It's also possible to workout position using the timing of two FM radio signals via the RDS (same in States as Europe, but they call RDS something else). GPS doesn't work indoors unless you are at a window. FM radio does. Some WiFi chips used in routers are designed for phones so have an FM Radio chip. It's been proved that custom SW can be added to the router to calculate position, this works indoors. Then via WiFi any gadget using this chip and cpu could work as a two way tracker. Even today this can be disguised as functional wrist watch (need charged every day). Shorter range than the phone module solution but smaller, works indoors (Global Positioning /GPS doesn't really), less power.
You can of course combine BOTH approaches in a bracelet (or large watch) type gadget. Perhaps in the future it might have better battery life and smaller. One GPS module (includes aerial) I have is pretty tiny, I also have Wifi + Mobile Phone module with battery that's only about x4 size of a watch. I think using Open WRT version of Linux it could work as two way tracker with watch face doubling as direction and distance indicator.
2006 I adapted a desktop router to work on batteries because it had a PCMCIA slot. We then put in an early experimental 4G laptop card to make a portable 4G WiFi hot spot. It was about the size of a large paperback book. Now these are available in the local phone shops and 1/2 the size of a small mobile phone with 2G/3G/4G modem and WiFi.