Balance of Payments: Total Net Current Account for Fiji
U.S. Dollars
FJIBCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-404,358,530.20
Year-over-Year Change
110.42%
Date Range
1/1/2016 - 1/1/2024
Summary
The U.S. Dollars trend measures the total value of U.S. currency in circulation globally. It is a key indicator of the global demand for the U.S. dollar and the strength of the U.S. economy.
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 U.S. Dollars trend tracks the total value of Federal Reserve notes and coins issued by the U.S. government that are held both domestically and abroad. It provides insight into the international role of the U.S. dollar as a global reserve currency and medium of exchange.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on its reports of currency in circulation.
Historical Context
The U.S. Dollars trend is closely monitored by policymakers, investors, and economists to assess the global status of the U.S. dollar and its implications for trade, inflation, and monetary policy.
Key Facts
- The U.S. dollar is the world's primary reserve currency, accounting for over 60% of global foreign exchange reserves.
- Roughly 70% of U.S. dollars in circulation are held outside the United States.
- The total value of U.S. dollars in circulation has grown from $590 billion in 1990 to over $2 trillion today.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollars trend measures the total value of U.S. currency, including Federal Reserve notes and coins, that are in circulation globally.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Dollars trend provides insight into the global demand for the U.S. dollar, which is the world's primary reserve currency and a key indicator of the strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on its reports of currency in circulation.
Q: How is this trend used in economic policy?
A: The U.S. Dollars trend is closely monitored by policymakers, investors, and economists to assess the global status of the U.S. dollar and its implications for trade, inflation, and monetary policy.
Q: Are there update delays or limitations?
A: The U.S. Dollars data is updated regularly by the Federal Reserve, with minimal delays. However, it may not capture all U.S. currency held outside the banking system.
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Citation
U.S. Federal Reserve, U.S. Dollars (FJIBCABP6USD), retrieved from FRED.