Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Ireland
KCPPPGIEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.32
Year-over-Year Change
5.94%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the share of Ireland's GDP per capita that is devoted to personal consumption at constant prices. It provides insights into the consumption patterns and purchasing power of the Irish population.
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 consumption share of purchasing power parity (PPP) converted GDP per capita is an important metric for analyzing the composition of a country's economic output. It helps economists and policymakers understand the level of domestic demand and the standard of living in Ireland.
Methodology
The data is calculated by the OECD using national accounts data and purchasing power parity conversions.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health of the Irish economy and consumer spending patterns.
Key Facts
- Ireland's consumption share of PPP GDP per capita was 59.4% in 2021.
- This trend has fluctuated between 55-60% over the past decade.
- Consumption is a key driver of Ireland's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Ireland's GDP per capita that is devoted to personal consumption at constant prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the consumption patterns and purchasing power of the Irish population, which is crucial for understanding the composition of the country's economic output.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts data and purchasing power parity conversions.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the health of the Irish economy and consumer spending patterns, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but there may be some delays in availability due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Ireland (KCPPPGIEA156NUPN), retrieved from FRED.