Labor Compensation: Earnings: Private Sector: Hourly for Ireland
Annual
LCEAPR01IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.65
Year-over-Year Change
29.02%
Date Range
1/1/1996 - 1/1/2022
Summary
The Annual trend measures the average annual price level for natural gas imports into Europe. It is a key indicator for understanding global energy markets and the impacts of geopolitics on energy prices.
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 Annual trend represents the yearly average import price for natural gas delivered to Europe. This metric is widely used by economists, policymakers, and energy analysts to assess the state of the European natural gas market and its relationship to broader global energy dynamics.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of major natural gas importers.
Historical Context
Trends in European natural gas import prices have significant implications for energy policy, consumer costs, and international trade.
Key Facts
- Europe is the world's largest natural gas import market.
- Natural gas accounts for over a quarter of Europe's primary energy consumption.
- Import prices influence household heating costs and industrial competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average price level for natural gas imports into the European market.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding energy market dynamics, geopolitical influences on supply, and the economic impacts of natural gas prices in Europe.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of major natural gas importers.
Q: How is this trend used in economic policy?
A: Trends in European natural gas import prices have significant implications for energy policy, consumer costs, and international trade.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may not capture all spot market fluctuations.
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Citation
U.S. Federal Reserve, Annual (LCEAPR01IEA661N), retrieved from FRED.