Balance of Payments: Current account balance (credit less debit) for Argentina
ARGBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.22
Year-over-Year Change
-123.68%
Date Range
1/1/1980 - 1/1/2030
Summary
The Balance of Payments: Current account balance (credit less debit) for Argentina measures the difference between Argentina's total economic transactions with the rest of the world. It is a key indicator of a country's international economic position.
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 current account balance tracks Argentina's imports, exports, income, and current transfers. A positive balance indicates Argentina is a net lender to the rest of the world, while a negative balance means it is a net borrower. Economists and policymakers monitor this to assess Argentina's economic health and international competitiveness.
Methodology
The data is compiled by Argentina's central bank from various statistical sources.
Historical Context
The current account balance is used to inform Argentina's monetary, fiscal, and trade policies.
Key Facts
- Argentina's current account balance was $-4.44 billion in 2021.
- A current account deficit can lead to a depreciation of the Argentine peso.
- Argentina's current account has run deficits for most of the past two decades.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current account balance (credit less debit) for Argentina measures the difference between Argentina's total economic transactions with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Argentina's international economic position and competitiveness. It informs important policy decisions related to trade, fiscal, and monetary policy.
Q: How is this data collected or calculated?
A: The data is compiled by Argentina's central bank from various statistical sources.
Q: How is this trend used in economic policy?
A: Argentina's current account balance is used to inform the country's monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a short lag by Argentina's central bank.
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Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for Argentina (ARGBCAGDPBP6), retrieved from FRED.