Share of Government Consumption at Current Purchasing Power Parities for Ireland
CSHGCPIEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
-21.10%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Ireland' measures the relative size of government consumption in Ireland's economy. This metric is important for economists and policymakers to assess the role of the public sector and understand Ireland's fiscal policies.
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 economic indicator represents the proportion of total consumption in Ireland that is attributable to government expenditures, adjusted for differences in purchasing power across countries. It provides insight into the scale and influence of the public sector within Ireland's economy.
Methodology
The data is calculated by the OECD based on national accounts information.
Historical Context
Analysts use this indicator to evaluate Ireland's fiscal and economic policies in comparison to other countries.
Key Facts
- Ireland's government consumption share was 15.4% in 2021.
- This indicator has remained relatively stable over the past decade.
- The metric allows for cross-country comparisons of public sector size.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total consumption in Ireland that is attributable to government expenditures, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and influence of the public sector within Ireland's economy, which is relevant for evaluating fiscal and economic policies.
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: Analysts use this indicator to evaluate Ireland's fiscal and economic policies in comparison to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Ireland (CSHGCPIEA156NRUG), retrieved from FRED.