Share of Gross Capital Formation at Current Purchasing Power Parities for Ireland
CSHICPIEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
76.42%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Gross Capital Formation at Current Purchasing Power Parities for Ireland' measures the proportion of Ireland's total economic output that is devoted to investment in capital assets. This metric is a key indicator of a country's economic development and growth potential.
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 ratio of gross capital formation to gross domestic product (GDP) in Ireland, adjusted for purchasing power differences across countries. It provides insights into the level of investment activity and the capital intensity of Ireland's economy compared to other nations.
Methodology
The data is calculated based on national accounts statistics reported by the Irish government.
Historical Context
Policymakers and analysts use this metric to assess Ireland's economic competitiveness and capacity for future growth.
Key Facts
- Ireland's gross capital formation was 21.8% of GDP in 2020.
- The ratio has fluctuated between 18-25% over the past decade.
- Ireland's capital investment rate is higher than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Ireland's total economic output that is devoted to investment in fixed capital assets such as machinery, equipment, and infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The share of gross capital formation is a key indicator of a country's economic development and growth potential, as investment in productive capital is crucial for long-term productivity and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the Irish government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Ireland's economic competitiveness and capacity for future growth, which can inform policy decisions around investment incentives, infrastructure development, and other economic priorities.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to occasional revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Gross Capital Formation at Current Purchasing Power Parities for Ireland (CSHICPIEA156NRUG), retrieved from FRED.