Nominal Gross Fixed Capital Formation for Ireland
NFIXDCIRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,213,376,798.96
Year-over-Year Change
322.05%
Date Range
1/1/2012 - 1/1/2020
Summary
The Nominal Gross Fixed Capital Formation for Ireland measures the value of investments in fixed assets within the Irish economy. It is a key indicator of economic growth and business investment.
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
Gross Fixed Capital Formation (GFCF) represents the acquisition of produced assets, including purchases of equipment, construction of buildings, and investments in intellectual property. The nominal GFCF for Ireland provides insight into the overall level of investment activity.
Methodology
The data is collected and calculated by Ireland's Central Statistics Office.
Historical Context
Policymakers and analysts monitor GFCF to assess the health of the Irish economy and the state of business confidence.
Key Facts
- Ireland's GFCF reached a record high in 2022.
- GFCF accounts for approximately 25% of Ireland's GDP.
- Investment in intellectual property makes up a significant portion of Ireland's GFCF.
FAQs
Q: What does this economic trend measure?
A: The Nominal Gross Fixed Capital Formation for Ireland measures the total value of investments in fixed assets within the Irish economy, including equipment, construction, and intellectual property.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key indicator of economic growth and business investment, providing insights into the overall health and confidence of the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor GFCF to assess the state of business investment and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The GFCF data is typically released on a quarterly basis, with some potential for delays in publication.
Related Trends
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Ireland
IRLCINSADSMEI
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Ireland
NAEXKP04IEQ189S
Credit to Government and State-Owned Enterprises to GDP for Ireland
DDEI08IEA156NWDB
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Ireland
IRLFCAKNUM
Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Ireland
LFHU24FEIEA647N
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Ireland
LREM64FEIEA156N
Citation
U.S. Federal Reserve, Nominal Gross Fixed Capital Formation for Ireland (NFIXDCIRA), retrieved from FRED.