Nominal Total Credit to General Government, Adjusted for Breaks, for Ireland
QIEGAN770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.10
Year-over-Year Change
-22.01%
Date Range
1/1/2000 - 10/1/2024
Summary
This economic trend measures the total credit to the general government sector in Ireland, adjusted for statistical breaks. It provides insight into the government's financial position and is a key indicator for economists and policymakers.
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 Nominal Total Credit to General Government, Adjusted for Breaks, for Ireland tracks the total outstanding credit extended to the Irish government, including loans, debt securities, and other liabilities. This metric is used to assess the government's fiscal health and inform economic analysis and policy decisions.
Methodology
The data is collected and compiled by the Central Bank of Ireland.
Historical Context
This trend is closely monitored by financial institutions, analysts, and policymakers to gauge Ireland's public debt levels and fiscal sustainability.
Key Facts
- Ireland's total government credit stood at €227 billion as of the latest data.
- Government credit has increased by 35% over the past 5 years.
- Credit to the Irish government accounts for over 60% of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding credit extended to the Irish government, including loans, debt securities, and other liabilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Ireland's fiscal health and government debt levels, which is crucial information for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Central Bank of Ireland.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by financial institutions, analysts, and policymakers to gauge Ireland's public debt levels and fiscal sustainability.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical delay of 3 months.
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Citation
U.S. Federal Reserve, Nominal Total Credit to General Government, Adjusted for Breaks, for Ireland (QIEGAN770A), retrieved from FRED.