Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Ireland
RGDPCHIEA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,876.74
Year-over-Year Change
21.78%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted GDP per capita for Ireland. It provides a more accurate comparison of living standards and economic output across countries.
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 PPP-converted GDP per capita series adjusts for price level differences between countries, allowing for better international comparisons of real income and productivity. It is a key metric used by economists and policymakers to evaluate economic development and living standards.
Methodology
The data is calculated by the World Bank using market exchange rates and price levels.
Historical Context
This metric is widely used to assess a country's economic performance and development in relation to other nations.
Key Facts
- Ireland's GDP per capita was $83,390 in 2021.
- Ireland has one of the highest GDP per capita levels in the European Union.
- The PPP adjustment accounts for cost of living differences between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Ireland, providing a more accurate comparison of living standards and economic output across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key metric used by economists and policymakers to evaluate economic development and living standards, allowing for better international comparisons of real income and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using market exchange rates and price levels.
Q: How is this trend used in economic policy?
A: This metric is widely used to assess a country's economic performance and development in relation to other nations, informing policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Ireland (RGDPCHIEA625NUPN), retrieved from FRED.