Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Ireland
IRLLORSGPTDSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.67
Year-over-Year Change
9.31%
Date Range
2/1/1960 - 8/1/2022
Summary
The Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Ireland tracks the cyclical fluctuations of Ireland's economic growth over time, providing valuable insights for policymakers and analysts.
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 indicator represents the underlying trend of Ireland's GDP, a key measure of overall economic activity. Economists use this data to assess the current state and trajectory of the Irish economy, informing policy decisions and market analysis.
Methodology
The OECD collects and calculates this data based on official government sources.
Historical Context
This trend is widely used by government agencies, central banks, and financial institutions to monitor Ireland's economic performance and inform policy responses.
Key Facts
- The indicator uses 2015 as the base year.
- Ireland's GDP trend has fluctuated significantly over the past decade.
- Monitoring this trend is crucial for understanding Ireland's economic health.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the underlying trend of Ireland's gross domestic product (GDP), a key measure of the country's overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: This data is highly relevant for policymakers, economists, and financial analysts, as it provides insights into the current state and trajectory of the Irish economy, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The OECD collects and calculates this data based on official government sources.
Q: How is this trend used in economic policy?
A: Government agencies, central banks, and financial institutions use this trend to monitor Ireland's economic performance and inform policy responses, such as fiscal and monetary measures.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have update delays, as it relies on official government sources.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Ireland (IRLLORSGPTDSTSAM), retrieved from FRED.