Balance on Current Account for Kyrgyz Republic
KGZBCAUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,131,030,682.00
Year-over-Year Change
11.31%
Date Range
1/1/2000 - 1/1/2025
Summary
The Balance on Current Account for Kyrgyz Republic measures the net flow of goods, services, income, and current transfers between Kyrgyz Republic and the rest of the world. It is a key economic indicator used to assess the country's external trade and financial position.
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 on Current Account represents the difference between a country's total exports and total imports of goods, services, income, and current transfers. It is an important metric for evaluating Kyrgyz Republic's economic performance and external competitiveness.
Methodology
The data is collected and calculated by the National Bank of the Kyrgyz Republic based on international accounting standards.
Historical Context
Policymakers use the current account balance to inform decisions on trade, exchange rate, and fiscal policies.
Key Facts
- Kyrgyz Republic's current account deficit was 1.1% of GDP in 2021.
- The current account is an important component of the country's balance of payments.
- Improving the current account balance is a key economic policy goal for Kyrgyz Republic.
FAQs
Q: What does this economic trend measure?
A: The Balance on Current Account for Kyrgyz Republic measures the net flow of goods, services, income, and current transfers between the country and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a crucial indicator of Kyrgyz Republic's external trade and financial position, which is important for evaluating the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Bank of the Kyrgyz Republic based on international accounting standards.
Q: How is this trend used in economic policy?
A: Policymakers use the current account balance to inform decisions on trade, exchange rate, and fiscal policies in Kyrgyz Republic.
Q: Are there update delays or limitations?
A: The current account data for Kyrgyz Republic is published with a lag, and may be subject to revisions by the National Bank.
Related Trends
Value of Exports to Kyrgyzstan from Pennsylvania
PAKGZA052SCEN
Gross Domestic Product for Kyrgyzstan
MKTGDPKGA646NWDB
Value of Exports to Kyrgyzstan from Washington
WAKGZA052SCEN
Imports of Goods and Services for Kyrgyz Republic
KGZBMUSD
Bank Credit to Bank Deposits for Kyrgyzstan
DDSI04KGA156NWDB
Population, Total for Kyrgyzstan
POPTOTKGA647NWDB
Citation
U.S. Federal Reserve, Balance on Current Account for Kyrgyz Republic (KGZBCAUSD), retrieved from FRED.