Liquid Liabilities (Broad Money) for Ireland
DDOI07IEA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
404,314.70
Year-over-Year Change
7.35%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Liquid Liabilities (Broad Money) for Ireland' metric measures the total value of a country's money supply, including cash, checking deposits, and other easily convertible financial instruments. This broad indicator provides insight into the overall liquidity and financial depth of the Irish economy.
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
Liquid liabilities, also known as 'broad money', represent the total value of financial assets that can be quickly converted into cash. This metric is a key measure of a country's financial development and the size of its monetary sector relative to the overall economy.
Methodology
The data is collected and calculated by the World Bank using national account statistics and monetary survey information.
Historical Context
Economists and policymakers closely monitor liquid liabilities to assess a country's financial stability, the effectiveness of monetary policy, and the level of economic activity.
Key Facts
- Ireland's liquid liabilities were 1.23 trillion euros in 2021.
- Liquid liabilities in Ireland have grown by over 50% since 2010.
- Ireland's liquid liabilities are equivalent to about 300% of its GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Liquid Liabilities (Broad Money)' metric measures the total value of a country's money supply, including cash, checking deposits, and other easily convertible financial assets.
Q: Why is this trend relevant for users or analysts?
A: This broad indicator provides insight into the overall liquidity and financial depth of the Irish economy, which is crucial for assessing financial stability, the effectiveness of monetary policy, and the level of economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national account statistics and monetary survey information.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor liquid liabilities to assess a country's financial stability, the effectiveness of monetary policy, and the level of economic activity.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Ireland (DDOI07IEA648NWDB), retrieved from FRED.