Balance of payments BPM6: Financial account: Reserve assets: Reserve assets Net for the European Union
EU28B6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,881,957,138.07
Year-over-Year Change
-90.59%
Date Range
1/1/2008 - 10/1/2019
Summary
The Balance of Payments Financial Account: Reserve Assets Net for the European Union measures the net change in the EU's international reserve assets, such as foreign currency deposits and securities. This trend is a key indicator of the EU's external position and financial stability.
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 Financial Account: Reserve Assets Net tracks the net change in the EU's reserve assets, which are highly liquid foreign assets held by central banks and monetary authorities. This metric provides insight into the EU's ability to support its currency and meet external financing needs.
Methodology
The data is collected and calculated by Eurostat based on information provided by EU member states.
Historical Context
This reserve assets trend is closely monitored by policymakers and analysts to assess the EU's external position and financial risk exposure.
Key Facts
- The EU held over €700 billion in reserve assets as of 2021.
- Reserve assets provide a buffer against external shocks and currency fluctuations.
- Net reserve assets have declined since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments Financial Account: Reserve Assets Net measures the net change in the European Union's highly liquid foreign assets, such as foreign currency deposits and securities, held by the central banks and monetary authorities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the EU's ability to support its currency and meet external financing needs, making it a key indicator of the bloc's external position and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on information provided by EU member states.
Q: How is this trend used in economic policy?
A: This reserve assets trend is closely monitored by policymakers and analysts to assess the EU's external position and financial risk exposure, informing decisions on monetary and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 3-month lag. There may be revisions to historical data as member states provide updated information.
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Citation
U.S. Federal Reserve, Balance of payments BPM6: Financial account: Reserve assets: Reserve assets Net for the European Union (EU28B6FARA01CXCUQ), retrieved from FRED.