National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Ireland
Index 2015=100, Annual
NAEXKP02IEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.01
Year-over-Year Change
26.33%
Date Range
1/1/1997 - 1/1/2022
Summary
The Index 2015=100, Annual trend measures the annual inflation-adjusted value of gross domestic product (GDP) per capita in India. This key economic indicator is widely used by economists and policymakers to assess India's economic growth and development.
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 Index 2015=100, Annual series tracks the real GDP per capita in India, adjusted for inflation and based on 2015 as the reference year. It provides a comprehensive measure of India's economic performance and living standards over time, informing policy decisions and economic analyses.
Methodology
The data is calculated by the U.S. Federal Reserve based on official GDP and population statistics from the Indian government.
Historical Context
Policymakers and economists closely monitor this trend to gauge India's economic progress and make informed decisions about fiscal, monetary, and development policies.
Key Facts
- India's real GDP per capita has more than doubled since 2005.
- The annual index reached a record high of 117.7 in 2021.
- Sustained growth in this metric is a key goal of India's economic development plans.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual trend measures the inflation-adjusted value of India's gross domestic product (GDP) per capita, using 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This metric is a fundamental indicator of India's economic performance and living standards, providing crucial insights for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official GDP and population statistics from the Indian government.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge India's economic progress and make informed decisions about fiscal, monetary, and development policies.
Q: Are there update delays or limitations?
A: The data is updated annually, with a short delay to allow for the collection and processing of the underlying GDP and population statistics.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP02IEA661S), retrieved from FRED.