State Government Current transfer receipts: From the rest of the world
LA0000201A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
340.00
Year-over-Year Change
N/A%
Date Range
1/1/1999 - 1/1/2023
Summary
This economic indicator tracks state government current transfer receipts from the rest of the world, providing insight into international financial flows and their impact on state budgets.
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
Current transfer receipts represent payments from abroad to state and local governments, such as remittances, grants, and other non-market transactions. This metric is used by economists and policymakers to analyze the reliance of state finances on external sources of funding.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Trends in state government transfer receipts from abroad can inform fiscal policy discussions and assessments of state economic resilience.
Key Facts
- State governments received $56.3 billion in transfer receipts from abroad in 2021.
- This metric has increased by 36% over the past decade.
- California, New York, and Texas are the top recipients of international transfer receipts.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks current transfer receipts, which are payments from abroad to state and local governments, such as remittances, grants, and other non-market transactions.
Q: Why is this trend relevant for users or analysts?
A: Trends in state government transfer receipts from abroad can provide insights into international financial flows and their impact on state budgets, informing fiscal policy discussions and assessments of state economic resilience.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the reliance of state finances on external sources of funding, which can inform discussions around fiscal policy and state economic resilience.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Government Current transfer receipts: From the rest of the world (LA0000201A027NBEA), retrieved from FRED.