National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Ireland
IRLEXPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164,490,329,550.00
Year-over-Year Change
34.90%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the current-price value of total exports of goods and services for Ireland. It is a key indicator of the country's trade performance and international economic activity.
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 National Accounts: GDP by Expenditure metric tracks the expenditure components that contribute to a country's Gross Domestic Product. The exports of goods and services series specifically represents the value of all final goods and services sold by Irish residents to foreign buyers.
Methodology
The data is collected and calculated by Ireland's Central Statistics Office as part of the country's national accounts reporting.
Historical Context
This export data is closely monitored by policymakers, economists, and investors to assess Ireland's economic health and international trade dynamics.
Key Facts
- Ireland is a highly trade-dependent economy.
- Exports account for over 60% of Ireland's GDP.
- Services exports, including tech and financial services, are a major driver.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the current-price value of total exports of goods and services for Ireland, a key indicator of the country's trade performance and international economic activity.
Q: Why is this trend relevant for users or analysts?
A: Exports are a crucial component of Ireland's economy, so this data is closely monitored by policymakers, economists, and investors to assess the country's economic health and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Ireland's Central Statistics Office as part of the country's national accounts reporting.
Q: How is this trend used in economic policy?
A: This export data informs economic policymaking and analysis related to Ireland's international trade performance, competitiveness, and growth prospects.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short delay, providing timely insights into Ireland's trade activity.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Ireland (IRLEXPORTQDSMEI), retrieved from FRED.