Producer Prices Index: Total Durable Consumer Goods for Ireland
Annual
PITGCD01IEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.49
Year-over-Year Change
14.92%
Date Range
1/1/1995 - 1/1/2017
Summary
The Annual trend measures the percentage change in real GDP per capita, a key indicator of economic growth and living standards. It is closely monitored by policymakers and economists to assess a country's economic performance.
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 tracks the year-over-year percent change in real gross domestic product (GDP) per capita. This metric adjusts for population growth and inflation, providing a more accurate picture of economic progress and improvements in living standards over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and census population figures.
Historical Context
Policymakers and analysts use the Annual trend to evaluate a country's economic health and make informed decisions about fiscal, monetary, and social policies.
Key Facts
- Real GDP per capita has grown by an average of 2.2% annually since 1960.
- The U.S. experienced the fastest annual GDP per capita growth of 7.8% in 1984.
- In 2020, annual GDP per capita declined by 3.4% due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in real GDP per capita, which reflects a country's economic growth and improvements in living standards.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator used by policymakers, economists, and market analysts to assess a country's economic performance and make informed decisions about fiscal, monetary, and social policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and census population figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual trend to evaluate a country's economic health and make informed decisions about fiscal, monetary, and social policies to promote sustainable growth and improve living standards.
Q: Are there update delays or limitations?
A: The Annual trend data is published by the U.S. Bureau of Economic Analysis with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (PITGCD01IEA661N), retrieved from FRED.