Balance of Payments: Current account balance (credit less debit) for Caribbean
CRBBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.78
Year-over-Year Change
13.45%
Date Range
1/1/2012 - 1/1/2021
Summary
The Current account balance (credit less debit) for the Caribbean region measures the difference between the value of a country's imports and exports of goods, services, and capital. This metric is a key indicator of a country's economic health and international competitiveness.
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 represents a country's net transactions with the rest of the world, including trade in goods and services as well as income and transfer payments. Economists and policymakers closely monitor this figure to assess a nation's external position and inform decisions around exchange rates, trade policy, and capital flows.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international transactions.
Historical Context
The Current account balance is a critical measure used by central banks, finance ministries, and market analysts to evaluate a country's economic performance and guide policy responses.
Key Facts
- The Caribbean current account balance averaged -$9.5 billion from 2010-2020.
- A current account deficit indicates a country is a net borrower from the rest of the world.
- Current account imbalances can impact exchange rates and capital flows.
FAQs
Q: What does this economic trend measure?
A: The Current account balance (credit less debit) for the Caribbean region measures the difference between the value of a country's imports and exports of goods, services, and capital.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of a country's economic health and international competitiveness, used by economists and policymakers to assess a nation's external position and inform decisions around exchange rates, trade policy, and capital flows.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international transactions.
Q: How is this trend used in economic policy?
A: The Current account balance is a critical measure used by central banks, finance ministries, and market analysts to evaluate a country's economic performance and guide policy responses.
Q: Are there update delays or limitations?
A: The data is subject to regular updates and revisions by the collecting agency.
Related Trends
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CRBGGXWDGGDP
Consumer Prices for Caribbean
CRBPCPIEPCH
General Government Net Lending/Borrowing for Caribbean
CRBGGXCNLGDP
General Government Revenue for Caribbean
CRBGGRGDP
General Government Primary Net Lending/Borrowing for Caribbean
CRBGGXONLBGDP
Value of Exports to Netherlands Antilles from U.S. Virgin Islands
VIANHHA052SCEN
Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for Caribbean (CRBBCAGDPBP6), retrieved from FRED.