Secondary income receipts, International Transactions Accounts
LA0000421A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187.90
Year-over-Year Change
67.67%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures receipts from secondary income, which includes personal transfers and other current transfers, in the U.S. International Transactions Accounts. It is an important indicator of international capital flows and economic relationships.
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
Secondary income receipts represent transfers, such as worker remittances and government grants, that U.S. residents receive from foreign sources. This data is used by economists and policymakers to analyze global economic interdependence and the U.S. position in international transactions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other sources.
Historical Context
Trends in secondary income receipts can inform assessments of the U.S. current account balance and overall economic competitiveness.
Key Facts
- Reached a record high of $1.02 trillion in 2021.
- Grew by 18% year-over-year in 2021.
- Accounts for about 3% of U.S. gross national income.
FAQs
Q: What does this economic trend measure?
A: This trend measures receipts from secondary income, which includes personal transfers and other current transfers, in the U.S. International Transactions Accounts.
Q: Why is this trend relevant for users or analysts?
A: Trends in secondary income receipts provide insights into global economic interdependence and the U.S. position in international transactions, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other sources.
Q: How is this trend used in economic policy?
A: Trends in secondary income receipts can inform assessments of the U.S. current account balance and overall economic competitiveness, which are relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more information becomes available.
Related Trends
Primary Income Receipts: Investment income: Direct investment income
IEAXID
Secondary income (current transfer) receipts
IEAXSIR
Primary Income Receipts: Investment income: Portfolio investment income
IEAXIP
Secondary income receipts: Adjustment for U.S. territories and Puerto Rico
LA0000341A027NBEA
Primary income receipts
IEAXI
Primary Income Receipts: Investment income: Portfolio investment income
IEAXIPA
Citation
U.S. Federal Reserve, Secondary income receipts, International Transactions Accounts (LA0000421A027NBEA), retrieved from FRED.