Current taxes, contributions for government social insurance, and transfer receipts from the rest of the world
LA0000351A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
203.27
Year-over-Year Change
74.18%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures net current transfer receipts from the rest of the world, a key component of national income and product accounts. It provides insights into the flow of international transfers, which are relevant for understanding a country's balance of payments and overall economic performance.
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
Net current transfer receipts from the rest of the world represents the net value of current transfers, such as worker remittances and government foreign aid, between a country and the rest of the world. This metric is used by economists and policymakers to analyze a nation's external economic relationships and position within the global economy.
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
This economic trend is closely monitored by economists, financial analysts, and government agencies to assess a country's international economic integration and the potential impact of policies on cross-border transactions.
Key Facts
- Net current transfer receipts from the rest of the world were $302.8 billion in 2021.
- Transfers from the rest of the world have increased by 51% over the past decade.
- The U.S. has recorded positive net current transfer receipts since the 1960s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net value of current transfers, such as worker remittances and government foreign aid, between the United States and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a country's external economic relationships and position within the global economy, which is important for understanding its balance of payments and overall economic performance.
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: This economic trend is closely monitored by economists, financial analysts, and government agencies to assess a country's international economic integration and the potential impact of policies on cross-border transactions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with potential delays in availability due to the comprehensive nature of the National Income and Product Accounts.
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Citation
U.S. Federal Reserve, Current taxes, contributions for government social insurance, and transfer receipts from the rest of the world (LA0000351A027NBEA), retrieved from FRED.