Price Level of Capital Formation for Ireland
PLICPPIEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-28.23%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Capital Formation for Ireland measures the relative prices of capital goods in the Irish economy. It is a key indicator for economists and policymakers to assess investment conditions and economic growth.
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 index tracks the price changes of a wide range of capital goods, including machinery, equipment, and construction materials used for investment purposes in Ireland. It is a valuable tool for analyzing investment trends and overall economic performance.
Methodology
The data is collected through surveys of Irish businesses and compiled by the Central Statistics Office.
Historical Context
The price level of capital formation is closely monitored by the Irish government and the European Central Bank to inform economic and monetary policies.
Key Facts
- The base year for the index is 2015 = 100.
- Ireland's capital formation price level has risen by 10% since 2015.
- Tracking capital formation prices is crucial for assessing business investment conditions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Ireland measures the relative prices of capital goods used for investment purposes in the Irish economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for economists and policymakers to assess investment conditions and overall economic growth in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish businesses and compiled by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: The price level of capital formation is closely monitored by the Irish government and the European Central Bank to inform economic and monetary policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Statistics Office, with no significant update delays.
Related Trends
Price Level of Capital Formation for Australia
PLICPPAUA670NRUG
Price Level of the Capital Stock for Philippines
PLKCPPPHA670NRUG
Price Level of the Capital Stock for Gambia
PLKCPPGMA670NRUG
Price Level of Capital Formation for Romania
PLICPPROA670NRUG
Price Level of Exports for Ecuador
PLXCPPECA670NRUG
Price Level of Imports for Central African Republic
PLMCPPCFA670NRUG
Citation
U.S. Federal Reserve, Price Level of Capital Formation for Ireland (PLICPPIEA670NRUG), retrieved from FRED.