National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Ireland
IRLGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124,593,998,880.00
Year-over-Year Change
27.22%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures Ireland's Gross Domestic Product (GDP) at current prices, providing a comprehensive picture of the country's overall economic activity and production.
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
GDP is a key indicator of a nation's economic performance, representing the total value of all goods and services produced within a country's borders. This time series offers insight into the size and composition of Ireland's economy, which is vital for policymakers, analysts, and investors.
Methodology
The data is collected and calculated by Ireland's Central Statistics Office using internationally standardized national accounting practices.
Historical Context
GDP data is widely used to assess economic growth, monitor trends, and inform fiscal and monetary policy decisions.
Key Facts
- Ireland's GDP was €440 billion in 2021.
- GDP growth rate was 13.5% in 2021.
- GDP per capita in Ireland was €87,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures Ireland's Gross Domestic Product (GDP) at current prices, which represents the total value of all goods and services produced within the country's borders.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of a nation's economic performance and size, providing vital insights for policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Ireland's Central Statistics Office using internationally standardized national accounting practices.
Q: How is this trend used in economic policy?
A: GDP data is widely used to assess economic growth, monitor trends, and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and revisions of national accounting statistics.
Related Trends
Population (LFS Basis): All Ages: All Persons for Ireland
LFPOTTTTIEQ647S
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Ireland
IRLCP110000GPM
Boone Indicator in Banking Market for Ireland
DDOI05IEA156NWDB
Broad Effective Exchange Rate for Ireland
NBIEBIS
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Ireland
LFEM74FEIEA647N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Ireland
IRLPREND401IXOBSAM
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Ireland (IRLGDPNQDSMEI), retrieved from FRED.