National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Ireland
Growth rate previous period, Annual
NAEXKP06IEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.57
Year-over-Year Change
-1142.02%
Date Range
1/1/1998 - 1/1/2024
Summary
This annual economic indicator measures the growth rate of a country's gross national income (GNI) compared to the previous year. It is a key metric for economists and policymakers to assess a nation's economic performance 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 growth rate of previous period, annual measures the year-over-year change in a country's total income from domestic and foreign sources. It provides insight into the pace of economic expansion or contraction and is used to inform macroeconomic policy decisions.
Methodology
This data is calculated based on national account statistics reported by statistical agencies.
Historical Context
Policymakers closely monitor this metric to gauge the health of the broader economy and make informed decisions.
Key Facts
- The growth rate of previous period, annual measures year-over-year change in a country's total income.
- This metric provides insight into the pace of economic expansion or contraction.
- Policymakers use this indicator to inform macroeconomic policy decisions.
FAQs
Q: What does this economic trend measure?
A: This annual indicator measures the growth rate of a country's gross national income (GNI) compared to the previous year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of economic expansion or contraction, which is crucial for policymakers to make informed decisions.
Q: How is this data collected or calculated?
A: This data is calculated based on national account statistics reported by statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this metric to gauge the health of the broader economy and make informed macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of national statistical agencies.
Related Trends
Nominal General Government Final Consumption Expenditure for Ireland
NCGGXDCIRA
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 74 Years for Ireland
LREM74FEIEA156N
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Ireland
LFEM55FEIEQ647N
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Ireland
SLRTTO01IEQ661N
Infra-Annual Labor Statistics: Employees Total for Ireland
LFESEETTIEQ647S
Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Ireland
IRLCPHP0100GPM
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP06IEA657S), retrieved from FRED.