Real Gross Fixed Capital Formation for Ireland
NFIRXDCIRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,549,909,656.87
Year-over-Year Change
-40.82%
Date Range
1/1/2012 - 1/1/2020
Summary
Real Gross Fixed Capital Formation for Ireland measures investment in physical assets like machinery, equipment, and structures. It's a key indicator of economic growth and capital deepening.
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
Real Gross Fixed Capital Formation represents the value of additions to fixed assets purchased by businesses, governments, and households, minus disposals. It's a critical component of GDP and a gauge of an economy's productive capacity.
Methodology
This data is collected by Ireland's Central Statistics Office through surveys of businesses, governments, and households.
Historical Context
Policymakers monitor this metric to assess the economic outlook and guide fiscal and monetary policies.
Key Facts
- Real GFCF for Ireland was €93.78 billion in 2021.
- Ireland's GFCF has grown by an average of 4.7% annually since 2010.
- Residential investment accounts for about 40% of total GFCF in Ireland.
FAQs
Q: What does this economic trend measure?
A: Real Gross Fixed Capital Formation (GFCF) for Ireland measures the value of additions to fixed assets like machinery, equipment, and structures, minus disposals.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key indicator of an economy's productive capacity and a critical component of GDP. It signals the level of investment businesses, governments, and households are making in physical capital.
Q: How is this data collected or calculated?
A: The data is collected by Ireland's Central Statistics Office through surveys of businesses, governments, and households.
Q: How is this trend used in economic policy?
A: Policymakers monitor GFCF to assess the economic outlook and guide fiscal and monetary policies aimed at promoting investment and growth.
Q: Are there update delays or limitations?
A: The data is typically published quarterly with a lag of 2-3 months. There may be revisions to historical data as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Ireland
LRUN25TTIEQ156S
Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Ireland
LFEMTTTTIEQ657S
Consumer Price Index: Harmonized Prices: Services: Total for Ireland
IRLCPHPSE01GPM
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Ireland
IRLLORSGPTDSTSAM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Ireland
LRHUTTTTIEM156S
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Ireland
IRLCP030000GPQ
Citation
U.S. Federal Reserve, Real Gross Fixed Capital Formation for Ireland (NFIRXDCIRA), retrieved from FRED.