Balance of payments BPM6: Current account Debits: Services: Total Debits for the European Union
US Dollars, sum over component sub-periods, Not Seasonally Adjusted
EU28B6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278,175,474,714.27
Year-over-Year Change
30.95%
Date Range
1/1/1999 - 10/1/2019
Summary
This economic indicator tracks the total amount of US dollars circulating globally, which is a key measure of international currency demand and the dollar's global role.
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 'US Dollars, sum over component sub-periods, Not Seasonally Adjusted' metric represents the total value of US dollar-denominated assets and liabilities held outside the United States. It serves as an important gauge of the dollar's international usage and the global appeal of US financial markets.
Methodology
The data is collected and calculated by the US Federal Reserve based on international financial statistics.
Historical Context
This trend is closely watched by policymakers, investors, and analysts to assess the US dollar's standing as the world's dominant reserve currency.
Key Facts
- The US dollar is the world's most widely used currency, accounting for over 60% of global foreign exchange reserves.
- The total value of US dollars held outside the US has grown steadily over the past two decades.
- The US dollar's status as the leading global reserve currency gives the US unique policy advantages and influences international finance.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of US dollar-denominated assets and liabilities held outside the United States, which reflects global demand for the US dollar.
Q: Why is this trend relevant for users or analysts?
A: The US dollar's global standing is a crucial factor in international finance, trade, and monetary policy, so this metric is closely watched by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on international financial statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and analysts to assess the US dollar's global role and the implications for US monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve with a slight delay, and it may not capture all US dollar-denominated assets and liabilities held globally.
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Citation
U.S. Federal Reserve, 'US Dollars, sum over component sub-periods, Not Seasonally Adjusted' (EU28B6DBSE01CXCUQ), retrieved from FRED.