Ireland IE: NAIRU: Equilibrium Unemployment Rate

1990 - 2022 | Yearly | % | Organisation for Economic Co-operation and Development

Ireland IE: NAIRU: Equilibrium Unemployment Rate data was reported at 7.152 % in 2022. This records an increase from the previous number of 7.136 % for 2021. Ireland IE: NAIRU: Equilibrium Unemployment Rate data is updated yearly, averaging 8.407 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 12.280 % in 1990 and a record low of 7.136 % in 2021. Ireland IE: NAIRU: Equilibrium Unemployment Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.EO: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. NAIRU - Equilibrium unemployment rate The equilibrium unemployment rate (code NAIRU) is estimated using a Kalman filter in a Phillips curve framework which assumes inflation expectations are anchored at the central bank’s inflation target . The NAIRU is then projected forward from the last estimated period using a simple autoregressive rule, exceptionally modified to account for recent labour market reforms, until the end of the forecasting horizon More details on methodology in Rusticelli E., Turner D. and M. C. Cavalleri (2015), Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment, OECD Economics Department Working Papers No.1231 OECD, Economics Department Working Papers: Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment:https://www.oecd-ilibrary.org/economics/incorporating-anchored-inflation-expectations-in-the-phillips-curve-and-in-the-derivation-of-oecd-measures-of-equilibrium-unemployment_5js1gmq551wd-en

View Ireland's Ireland IE: NAIRU: Equilibrium Unemployment Rate from 1990 to 2022 in the chart:

Ireland Ireland IE: NAIRU: Equilibrium Unemployment Rate

What was Ireland's Ireland IE: NAIRU: Equilibrium Unemployment Rate in 2022?

Last Previous Min Max Unit Frequency Range
7.152 2022 7.136 2021 7.136 2021 12.280 1990 % yearly 1990 - 2022

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Ireland Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 165,603.810 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 139,000.623 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 3.010 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 5.5 Sep 2022 quarterly Mar 1996 - Sep 2022
GDP per Capita (USD) 85,376.592 2020 yearly 2000 - 2020
Gross Fixed Capital Formation (USD mn) 9,766.509 Jun 2024 quarterly Mar 1995 - Jun 2024
Gross National Product (GNP) (USD mn) 105,011.499 Jun 2024 quarterly Mar 1999 - Jun 2024
Gross Savings Rate (%) 56.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Investment: % of GDP (%) 7.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Nominal GDP (USD mn) 133,294.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Nominal GDP Growth (%) -1.208 Jun 2024 quarterly Mar 1996 - Jun 2024
Private Consumption Expenditure (USD mn) 43,571.418 Jun 2024 quarterly Mar 1995 - Jun 2024
Private Consumption: % of GDP (%) 31.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption Expenditure (USD mn) 15,063.160 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption: % of GDP (%) 11.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Real GDP Growth (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 276.030 Jun 2024 quarterly Mar 1995 - Jun 2024
Production Last Frequency Range
Industrial Production Index Growth (%) 27.4 Apr 2023 monthly Jul 1976 - Apr 2023
Minerals Production (Metric Ton) 1,259,448.000 2022 yearly 2009 - 2022
Silver Production (Metric Ton) 1.342 2021 yearly 1986 - 2021
Sales, Orders, Inventory & Shipments Last Frequency Range
New Orders Growth (%) -9.8 Jul 2013 monthly Jan 2001 - Jul 2013
Construction and Properties Last Frequency Range
Building Permits (Unit) 6,575.000 Jun 2024 quarterly Mar 1975 - Jun 2024
House Prices Growth (%) 10.1 Aug 2024 monthly Jan 2006 - Aug 2024
Nominal Residential Property Price Index (2010=100) 170.082 Jun 2024 quarterly Mar 1970 - Jun 2024
Nominal Residential Property Price Index Growth (%) 8.388 Jun 2024 quarterly Mar 1971 - Jun 2024
Real Residential Property Price Index (2010=100) 133.349 Jun 2024 quarterly Mar 1970 - Jun 2024
Real Residential Property Price Index Growth (%) 5.727 Jun 2024 quarterly Mar 1971 - Jun 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.9 Jun 2024 quarterly Dec 2000 - Jun 2024
Forecast: Government Expenditure (EUR bn) 161.203 2029 yearly 1980 - 2029
Forecast: Government Net Debt (EUR bn) 227.043 2029 yearly 1990 - 2029
Forecast: Government Revenue (EUR bn) 161.718 2029 yearly 1980 - 2029
Government Debt: % of GDP (%) 42.8 Jun 2024 quarterly Mar 2000 - Jun 2024
National Government Debt (USD mn) 232,359.1 Jun 2024 quarterly Mar 2000 - Jun 2024
Tax Revenue (USD mn) 27,549.047 Jun 2024 quarterly Mar 2000 - Jun 2024
Consolidated Fiscal Balance (USD mn) 4,026.316 Jun 2024 quarterly Mar 2000 - Jun 2024
Tax Revenue: % of GDP (%) 20.5 Jun 2024 quarterly Mar 2000 - Jun 2024

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