Balance of payments BPM6: Current account Balance: Secondary income: Total Balance for G20
G20B6BLSI01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-56,202,107,216.35
Year-over-Year Change
12.88%
Date Range
1/1/2006 - 10/1/2017
Summary
The Balance of payments BPM6: Current account Balance: Secondary income: Total Balance for G20 measures the net inflows and outflows of secondary income between the G20 countries and the rest of the world. This metric provides insights into the global flow of worker remittances, government transfers, and other secondary income transactions.
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 Balance of payments BPM6: Current account Balance: Secondary income: Total Balance for G20 is a key economic indicator that tracks the net position of secondary income transactions, such as worker remittances and government transfers, between the G20 economies and the global economy. This data is used by economists and policymakers to assess the strength of international economic relationships and the flow of financial resources across borders.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national-level reporting of balance of payments statistics.
Historical Context
Analysts and policymakers monitor this metric to gauge the financial linkages and dependencies between the G20 economies and the broader global economic system.
Key Facts
- The G20 accounts for over 80% of global GDP.
- Secondary income represents about 10% of the total current account balance.
- The G20 secondary income balance has averaged -$90 billion per quarter since 2015.
FAQs
Q: What does this economic trend measure?
A: The Balance of payments BPM6: Current account Balance: Secondary income: Total Balance for G20 measures the net inflows and outflows of secondary income, such as worker remittances and government transfers, between the G20 countries and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the global flow of financial resources and the strength of international economic relationships involving the world's largest economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national-level reporting of balance of payments statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to gauge the financial linkages and dependencies between the G20 economies and the broader global economic system.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months.
Related Trends
Balance of payments BPM6: Current account Debits: Goods: Total Debits for G20
G20B6DBTD01CXCUQ
Balance of payments BPM6: Financial account: Other investment: Other investment Net acquisition of financial assets for G20
G20B6FAOI02CXCUQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G20
G20CPALTT01IXOBM
Balance of payments BPM6: Current account Credits: Services: Total Credits as % of Current account for G20
G20B6CRSE02STSAQ
Balance of payments BPM6: Current account Debits: Services: Total Debits for G20
G20B6DBSE01CXCUQ
Balance of payments BPM6: Financial account: Other investment: Other investment Net for G20
G20B6FAOI01CXCUQ
Citation
U.S. Federal Reserve, Balance of payments BPM6: Current account Balance: Secondary income: Total Balance for G20 (G20B6BLSI01CXCUQ), retrieved from FRED.