Share of Merchandise Imports at Current Purchasing Power Parities for Ireland
CSHMCPIEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.34
Year-over-Year Change
-33.09%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Ireland's share of merchandise imports at current purchasing power parities (PPPs), providing insights into the country's trade dynamics and international competitiveness.
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
The share of merchandise imports at current PPPs is an important indicator of a country's economic integration and trade patterns. It reflects Ireland's ability to purchase foreign goods and services relative to other nations, shedding light on its international trade position.
Methodology
The data is collected and calculated by the OECD using standardized methods for international comparisons.
Historical Context
This trend is closely monitored by policymakers and analysts to assess Ireland's economic performance and guide trade and monetary policies.
Key Facts
- Ireland's share of merchandise imports at current PPPs was 0.37% in 2021.
- This indicator has fluctuated between 0.30% and 0.40% over the past decade.
- Tracking this trend is crucial for understanding Ireland's trade dynamics and global economic integration.
FAQs
Q: What does this economic trend measure?
A: This trend measures Ireland's share of total merchandise imports at current purchasing power parities (PPPs), providing insights into the country's trade position and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Ireland's economic integration, trade patterns, and international competitiveness. It is closely monitored by policymakers and analysts to guide trade, monetary, and economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using standardized methods for international comparisons.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess Ireland's economic performance and guide trade, monetary, and other economic policies to support the country's international competitiveness and trade position.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Ireland (CSHMCPIEA156NRUG), retrieved from FRED.