Balance of Payments: Services: Expenditure for G7
Percentage of current account
G7B6DBSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.52
Year-over-Year Change
7.34%
Date Range
1/1/1999 - 10/1/2024
Summary
The 'Percentage of current account' measures the balance of a country's international payments, tracking the net flow of goods, services, and investment income. It is a key economic indicator used by policymakers to assess a nation's financial position 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 the difference between a country's imports and exports of goods, services, and net income from foreign investments. A deficit indicates that more money is flowing out of the country than coming in, while a surplus suggests a net inflow of foreign capital.
Methodology
The data is collected by national statistics agencies and compiled by international organizations like the World Bank and IMF.
Historical Context
The current account balance is closely watched by economists, investors, and policymakers as it reflects a country's economic health and international trade dynamics.
Key Facts
- The U.S. current account deficit was 3.9% of GDP in 2022.
- China has maintained a current account surplus for over 20 years.
- Current account imbalances can lead to currency exchange rate adjustments.
FAQs
Q: What does this economic trend measure?
A: The 'Percentage of current account' measures the balance of a country's international payments, tracking the net flow of goods, services, and investment income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of a country's economic health and international competitiveness, used by policymakers, investors, and economists to assess financial positions and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by national statistics agencies and compiled by international organizations like the World Bank and IMF.
Q: How is this trend used in economic policy?
A: The current account balance is closely watched by policymakers as it reflects a country's economic health and international trade dynamics, informing decisions on monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, usually a few months after the end of the reporting period, and may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for G7
G7CPGREN01GYQ
Infra-Annual Labor Statistics: Monthly Unemployment Male: From 15 to 24 Years for G7
G7LFHU24MASTQ
Sales: Retail trade: Total retail trade: Volume for G7
G7SLRTTO01GPSAM
International Merchandise Trade Statistics: Imports: Commodities for G7
G7XTIMVA01CXMLM
Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for G7
G7LOLITONOSTSAM
Balance of Payments: Primary Income: Expenditure for G7
G7B6DBPI01CXCUQ
Citation
U.S. Federal Reserve, Percentage of current account (G7B6DBSE02STSAQ), retrieved from FRED.