Balance of payments BPM6: Current account Debits: Services: Total Debits for G20
G20B6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
723,078,710,633.68
Year-over-Year Change
6.08%
Date Range
1/1/2006 - 10/1/2017
Summary
The Balance of Payments BPM6: Current Account Debits: Services: Total Debits for G20 series measures the total debits for services trade among the G20 countries. This metric is important for understanding global trade patterns and the overall current account position of major economies.
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
This series captures the total value of services imports for the G20 group of the world's largest economies. It represents the debit side of the services trade balance, which is a key component of a country's current account. Economists and policymakers analyze this data to assess global competitiveness and the health of international trade flows.
Methodology
The data is collected through international balance of payments reporting by national statistical agencies.
Historical Context
Policymakers and market analysts use this data to inform decisions around trade policy, exchange rate management, and assessments of economic performance.
Key Facts
- The G20 group accounts for over 80% of global GDP.
- Services trade makes up roughly 25% of total global trade.
- The U.S. is typically the world's largest services importer.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of services imports for the G20 group of the world's largest economies. It represents the debit side of the services trade balance.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding global trade patterns and the overall current account position of major economies. It informs decisions around trade policy, exchange rate management, and assessments of economic performance.
Q: How is this data collected or calculated?
A: The data is collected through international balance of payments reporting by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to inform decisions around trade policy, exchange rate management, and assessments of economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the national agencies providing the underlying balance of payments information.
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Citation
U.S. Federal Reserve, Balance of payments BPM6: Current account Debits: Services: Total Debits for G20 (G20B6DBSE01CXCUQ), retrieved from FRED.