Real Exports of Services for Ireland
NXSRXDCIRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
414,531,497.45
Year-over-Year Change
-63.46%
Date Range
1/1/1990 - 1/1/2019
Summary
The Real Exports of Services for Ireland measures the volume of services exported from Ireland, adjusted for inflation. It is an important indicator of Ireland's international trade and economic performance.
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 real, inflation-adjusted value of services exported from Ireland, including categories like tourism, transportation, and business services. It is a key metric for analyzing Ireland's trade balance and competitiveness in the global services market.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information on Ireland's services trade flows.
Historical Context
Policymakers and economists monitor this trend to assess Ireland's trade dynamics and the health of its services-driven economy.
Key Facts
- Ireland is a major global exporter of services.
- Services account for over 60% of Ireland's GDP.
- Real services exports have grown steadily in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Real Exports of Services for Ireland measures the inflation-adjusted volume of services exported from Ireland, such as tourism, transportation, and business services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing Ireland's trade balance, international competitiveness, and the health of its services-driven economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information on Ireland's services trade flows.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess Ireland's trade dynamics and the performance of its services sector, which is a critical driver of the country's economic growth.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with potential lags of several months between the reference period and the release of the latest figures.
Related Trends
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Ireland
LCEAMN01IEQ661N
Business Tendency Surveys: Export Order Books or Demand: Economic Activity: Manufacturing: Current for Ireland
BSXRLV02IEM086S
Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for Ireland
00XTOBIEM086NEST
Producer Prices Index: Total Nondurable Consumer Goods for Ireland
PITGND01IEM661N
Financial Market: Real Effective Exchange Rates: CPI Based for Ireland
CCRETT01IEM661N
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Ireland
CPGRLE01IEA657N
Citation
U.S. Federal Reserve, Real Exports of Services for Ireland (NXSRXDCIRA), retrieved from FRED.