Real Exports of Goods for Ireland
NXGRXDCIRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
693,724,117.69
Year-over-Year Change
53.12%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Real Exports of Goods for Ireland' indicator measures the volume of goods exported from Ireland, adjusted for inflation. This metric is a key barometer of Ireland's international trade performance and economic health.
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 Real Exports of Goods for Ireland series tracks the quantity of physical goods and commodities exported from Ireland to international markets. It is an important measure of Ireland's trade competitiveness and capacity to generate economic growth through exports.
Methodology
The data is collected and calculated by Ireland's Central Statistics Office based on surveys of exporting businesses.
Historical Context
Policy analysts and economists use this metric to assess Ireland's trade balance, competitiveness, and export-driven growth.
Key Facts
- Ireland is a major exporter of goods, with exports accounting for over 60% of GDP.
- The manufacturing sector is a key driver of Ireland's export economy.
- Real goods exports have grown steadily in Ireland over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Real Exports of Goods for Ireland' metric tracks the volume or quantity of physical goods and commodities exported from Ireland to international markets, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This indicator is an important barometer of Ireland's international trade performance, competitiveness, and capacity for export-driven economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Ireland's Central Statistics Office based on surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policy analysts and economists use this metric to assess Ireland's trade balance, competitiveness, and the role of exports in driving overall economic growth.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insight into Ireland's export economy.
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Citation
U.S. Federal Reserve, Real Exports of Goods for Ireland (NXGRXDCIRA), retrieved from FRED.