Gross National Income for Ireland
MKTGNIIEA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
437,813,266,423.20
Year-over-Year Change
137.78%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Ireland measures the total income earned by Irish residents, both within Ireland and abroad. It is a key economic indicator used to assess Ireland's economic performance and living standards.
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
GNI represents the value of all goods and services produced by Irish citizens, regardless of location. It is an important complement to Ireland's Gross Domestic Product (GDP), as it provides a more comprehensive view of the country's economic activity and income generation.
Methodology
GNI data for Ireland is collected and calculated by the World Bank using national accounts data.
Historical Context
GNI is widely used by policymakers, economists, and international organizations to evaluate Ireland's economic development and living standards relative to other countries.
Key Facts
- Ireland's GNI was $283 billion in 2021.
- GNI per capita in Ireland was $56,671 in 2021.
- Ireland's GNI growth rate was 15.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Ireland measures the total income earned by Irish residents, both within Ireland and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is an important complement to Ireland's GDP, providing a more comprehensive view of the country's economic activity and living standards.
Q: How is this data collected or calculated?
A: GNI data for Ireland is collected and calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: GNI is widely used by policymakers, economists, and international organizations to evaluate Ireland's economic development and living standards relative to other countries.
Q: Are there update delays or limitations?
A: GNI data for Ireland is published annually with some delay, typically 1-2 years after the reference year.
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GAIRLA052SCEN
Fertility Rate, Total for Ireland
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Ireland
IRLCP030000GYM
Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for Ireland
CP0118IEM086NEST
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Ireland
IRLPFCEQDSMEI
Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Ireland
IRLPERMITAISMEI
Citation
U.S. Federal Reserve, Gross National Income for Ireland (MKTGNIIEA646NWDB), retrieved from FRED.