Nominal Imports of Services for Ireland
NMSXDCIRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2012 - 1/1/2020
Summary
The Nominal Imports of Services for Ireland measures the total value of services imported into Ireland. This metric is important for economists and policymakers to assess Ireland's trade flows and international competitiveness.
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
This series represents the total nominal value of services imported into Ireland. It includes a wide range of service categories such as travel, transportation, and business services. The data is useful for analyzing Ireland's trade position and the drivers of its current account balance.
Methodology
The data is collected and published by the Central Statistics Office of Ireland.
Historical Context
Policymakers and analysts use this import data to evaluate Ireland's trade dynamics and the competitiveness of its service sector.
Key Facts
- Ireland is a major exporter of services, with a large trade surplus.
- Services account for over 60% of Ireland's GDP.
- The services trade balance is an important component of Ireland's current account.
FAQs
Q: What does this economic trend measure?
A: The Nominal Imports of Services for Ireland measures the total value of services imported into the country, including categories like travel, transportation, and business services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Ireland's trade position, current account balance, and the competitiveness of its service sector.
Q: How is this data collected or calculated?
A: The data is collected and published by the Central Statistics Office of Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to assess Ireland's trade dynamics and the competitiveness of its service industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical lag of 3 months.
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Citation
U.S. Federal Reserve, Nominal Imports of Services for Ireland (NMSXDCIRA), retrieved from FRED.