Constant GDP per capita for Ireland
NYGDPPCAPKDIRL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,514.33
Year-over-Year Change
93.81%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Ireland tracks the total economic output of Ireland divided by its population, adjusted for inflation. This metric provides insight into the standard of living and economic well-being of the Irish people.
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
Constant GDP per capita is a key indicator of a country's economic development and living standards. It measures the inflation-adjusted value of a nation's economic output on a per-person basis, offering a more nuanced view of economic progress beyond just total GDP.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this metric to assess Ireland's economic health and compare it to other nations.
Key Facts
- Ireland's Constant GDP per capita was $59,462 in 2021.
- The metric has grown by over 50% since 2000.
- Ireland has one of the highest Constant GDP per capita levels in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Ireland measures the total economic output of the country divided by its population, adjusted for inflation. It provides insight into the standard of living and economic well-being of the Irish people.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of a country's economic development and living standards. It offers a more nuanced view of economic progress than just total GDP, allowing for comparisons of economic well-being across nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Ireland's economic health and compare it to other nations, informing decisions on economic and social policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of up to 2 years. The metric may not fully capture certain aspects of economic well-being, such as income inequality or environmental factors.
Related Trends
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Ireland
LRAC24TTIEQ156S
Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Ireland
LFEAAGTTIEQ647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Ireland
IRLCP100000GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Ireland
IRLCP060000GYM
Share Prices: All Shares/Broad: Total for Ireland
IRLSPASTT01GYM
Number of Identified Exporters to Ireland from Arizona
AZIRLA475SCEN
Citation
U.S. Federal Reserve, Constant GDP per capita for Ireland (NYGDPPCAPKDIRL), retrieved from FRED.