Local Government Current transfer receipts: From the rest of the world
LA0000221A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1999 - 1/1/2023
Summary
This economic trend measures local government current transfer receipts from the rest of the world, providing insights into international financial flows and interdependence.
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 Local Government Current transfer receipts: From the rest of the world series tracks payments and receipts between local governments in the United States and entities outside the country. This metric is used by economists and policymakers to assess the scale and dynamics of cross-border fiscal relationships.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend offers valuable context for analyzing trade balances, foreign investment, and the international role of subnational governments.
Key Facts
- Local governments received $31.3 billion in transfer payments from the rest of the world in 2021.
- This metric has grown by an average of 4.2% annually over the past decade.
- International transfer receipts account for approximately 2.5% of total local government current receipts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current transfer receipts, or payments received, by local governments in the United States from entities outside the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial relationships and interdependence between local governments in the U.S. and the international community, which is valuable context for assessing trade balances, foreign investment, and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the scale and dynamics of cross-border fiscal relationships, which can inform decisions related to trade, investment, and intergovernmental policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Local Government Current transfer receipts: From the rest of the world (LA0000221A027NBEA), retrieved from FRED.