Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ireland
RGDPTEIEA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89,197.88
Year-over-Year Change
26.85%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Ireland. It provides insights into the productivity and living standards of the Irish workforce.
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 Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ireland metric evaluates the economic output per worker in the country, adjusted for differences in purchasing power across countries. This metric is widely used by economists and policymakers to compare living standards and productivity between nations.
Methodology
The data is calculated by the OECD using national accounts and labor force survey information.
Historical Context
This trend is relevant for understanding Ireland's economic competitiveness and the effectiveness of its policies aimed at boosting productivity and living standards.
Key Facts
- Ireland's PPP-adjusted GDP per worker was $105,302 in 2021.
- This metric has grown by 23% over the past decade in Ireland.
- Ireland's PPP-adjusted GDP per worker is the 4th highest among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Ireland. It provides insights into the productivity and living standards of the Irish workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to compare living standards and productivity between nations, making it a valuable indicator for understanding Ireland's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and labor force survey information.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Ireland's economic competitiveness and the effectiveness of its policies aimed at boosting productivity and living standards.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ireland (RGDPTEIEA629NUPN), retrieved from FRED.