US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted
BPCRTD01SEQ637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,699,100,000.00
Year-over-Year Change
-11.88%
Date Range
1/1/1982 - 4/1/2014
Summary
This trend measures the total US dollar value of personal remittances sent from the United States on a quarterly basis. It is an important indicator of international capital flows and global economic interconnectedness.
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
Personal remittances refer to the sum of personal transfers and compensation of employees from one country to another. This metric provides insight into global migration patterns and the financial ties between countries through worker earnings and family support.
Methodology
The data is collected and calculated by the US Bureau of Economic Analysis using survey responses and administrative records.
Historical Context
Policymakers and financial analysts use this trend to monitor cross-border economic activity and its impact on exchange rates, employment, and consumer spending.
Key Facts
- Remittances to low- and middle-income countries reached $589 billion in 2021.
- The United States is the largest source country for personal remittances globally.
- Remittances often exceed foreign direct investment and official development assistance for recipient countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total US dollar value of personal remittances, which are the sum of personal transfers and compensation of employees, sent from the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into global migration patterns and the financial ties between countries through worker earnings and family support. It is an important indicator of international capital flows and global economic interconnectedness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Bureau of Economic Analysis using survey responses and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to monitor cross-border economic activity and its impact on exchange rates, employment, and consumer spending.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical 2-3 month lag between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted (BPCRTD01SEQ637N), retrieved from FRED.