National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Ireland
NAEXKP06IEQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154,992,849,300.00
Year-over-Year Change
23.39%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the constant-price value of exports of goods and services for Ireland. It is a key indicator of Ireland's international trade and economic performance.
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
Exports of goods and services are a major component of Ireland's gross domestic product (GDP). This indicator tracks the real, inflation-adjusted value of Ireland's exports, providing insight into the nation's international competitiveness and the health of its trade sector.
Methodology
The data is calculated by Ireland's Central Statistics Office based on national accounts statistics.
Historical Context
Policymakers and analysts monitor this trend to gauge Ireland's economic growth and trade dynamics.
Key Facts
- Ireland is a major exporter of goods and services.
- Exports account for over 60% of Ireland's GDP.
- This trend has shown strong growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant-price value of exports of goods and services for Ireland, a key component of the nation's GDP.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Ireland's export activity provides insight into the country's international competitiveness and the health of its trade sector, which are crucial for understanding its overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by Ireland's Central Statistics Office based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge Ireland's economic growth and trade dynamics, which informs decisions on trade policy, exchange rates, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of Ireland's national accounts reporting, but generally has minimal delays compared to other economic indicators.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Ireland (NAEXKP06IEQ652S), retrieved from FRED.