Expenditure-side Real GDP at Current Purchasing Power Parities for Ireland
CGDPESIEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496,190.63
Year-over-Year Change
105.43%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures Ireland's real gross domestic product (GDP) at current purchasing power parities, providing a comprehensive view of the country's economic output and 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
Expenditure-side real GDP at current purchasing power parities is a key measure of a country's economic activity, factoring in differences in price levels between countries to enable meaningful international comparisons. It is widely used by economists, policymakers, and analysts to assess Ireland's economic growth and development.
Methodology
The data is calculated by the OECD based on national accounts information.
Historical Context
This trend is relevant for understanding Ireland's macroeconomic conditions and is used to inform economic policy decisions.
Key Facts
- Ireland's real GDP at current PPPs was $468 billion in 2021.
- This metric has grown at an average annual rate of 3.5% over the past decade.
- Ireland's real GDP per capita at current PPPs was $93,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Ireland's real gross domestic product (GDP) at current purchasing power parities, providing a comprehensive view of the country's economic output and performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and analysts to assess Ireland's economic growth and development, as it enables meaningful international comparisons by factoring in differences in price levels between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Ireland's macroeconomic conditions and is used to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential revisions of the OECD's national accounts information.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Ireland (CGDPESIEA666NRUG), retrieved from FRED.