Balance of Payments: Total Net Current Account for Kiribati
KIRBCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9,763,866.40
Year-over-Year Change
-150.80%
Date Range
1/1/2016 - 1/1/2024
Summary
The Balance of Payments: Total Net Current Account for Kiribati measures the net flow of Kiribati's international trade and investment transactions. It is a key economic indicator for policymakers and analysts to assess Kiribati's external economic 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 net current account balance represents the difference between a country's total exports and imports of goods, services, and net income. It provides insight into Kiribati's trade competitiveness, savings-investment dynamics, and overall economic stability.
Methodology
The data is collected and calculated by the International Monetary Fund based on Kiribati's reported balance of payments accounts.
Historical Context
Policymakers use the current account balance to guide macroeconomic policies and monitor external imbalances.
Key Facts
- Kiribati is a small island nation in the central Pacific Ocean.
- The current account deficit reflects Kiribati's heavy reliance on imports.
- Remittances from Kiribati citizens working abroad are a significant source of income.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Kiribati measures the net flow of Kiribati's international trade and investment transactions.
Q: Why is this trend relevant for users or analysts?
A: The current account balance provides insight into Kiribati's trade competitiveness, savings-investment dynamics, and overall economic stability, making it a key indicator for policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund based on Kiribati's reported balance of payments accounts.
Q: How is this trend used in economic policy?
A: Policymakers use the current account balance to guide macroeconomic policies and monitor external imbalances in Kiribati's economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodologies of the International Monetary Fund.
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Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Kiribati (KIRBCABP6USD), retrieved from FRED.