Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Ireland
PCDGDPIEA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,210.03
Year-over-Year Change
40.11%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the per capita purchasing power parity (PPP) converted domestic absorption for Ireland. It provides insights into the standard of living and economic well-being of the Irish population.
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
Domestic absorption is the total expenditure on final goods and services within a country, including consumption, investment, and government spending. This PPP-adjusted metric allows for cross-country comparisons of living standards and consumption levels.
Methodology
The data is calculated by the OECD using the Geary-Khamis method to convert local currency values to a common unit.
Historical Context
Policymakers and economists use this indicator to assess the relative economic performance and development of Ireland compared to other countries.
Key Facts
- Ireland's per capita domestic absorption was $58,700 in 2021.
- This metric has grown by 35% over the past decade in Ireland.
- Ireland ranks 4th globally in terms of PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) converted per capita domestic absorption for Ireland, which represents the total expenditure on final goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living and economic well-being of the Irish population, allowing for cross-country comparisons of consumption levels and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using the Geary-Khamis method to convert local currency values to a common unit.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the relative economic performance and development of Ireland compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Guatemala
PC2GDPGTA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Pakistan
PPCGDPPKA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Mauritius
PCDGDPMUA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Lesotho
PPCGDPLSA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for India
PC2GDPINA620NUPN
Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Pakistan
PC2GDPPKA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Ireland (PCDGDPIEA620NUPN), retrieved from FRED.