Share of Household Consumption at Current Purchasing Power Parities for Ireland
CSHCCPIEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
-43.92%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the share of total household consumption in Ireland at current purchasing power parities (PPPs). It provides insights into the relative purchasing power and consumption patterns of Irish households compared to other 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 share of household consumption at current PPPs represents the percentage of total consumption expenditure by Irish households relative to global purchasing power. This metric is useful for cross-country comparisons of consumer behavior and standard of living.
Methodology
The data is calculated by the OECD using household survey and national accounts information.
Historical Context
Policymakers and analysts use this trend to assess the economic welfare and consumption habits of Irish consumers within the broader international context.
Key Facts
- Ireland's share of household consumption at current PPPs was 0.91% in 2021.
- This metric has fluctuated between 0.89% and 0.93% over the past decade.
- Ireland's share is lower than the OECD average, indicating relatively lower consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total household consumption expenditure in Ireland relative to global purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the purchasing power and consumption patterns of Irish households compared to other countries, which is useful for cross-country analysis and policymaking.
Q: How is this data collected or calculated?
A: The OECD calculates this indicator using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the economic welfare and consumption habits of Irish consumers within the broader international context.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Ireland (CSHCCPIEA156NRUG), retrieved from FRED.