Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for OECD
OECDB6BLTT01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28,241,070,000.00
Year-over-Year Change
-18.89%
Date Range
1/1/2005 - 10/1/2024
Summary
The Balance of Payments: Current Account measures the difference between a country's total imports and exports of goods, services, and capital. It is a key economic indicator used to assess a nation's external trade position and financial flows.
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 current account balance tracks a country's net trade in goods and services, as well as net income and transfer payments. Economists and policymakers analyze this metric to understand a nation's international economic relationships and competitiveness.
Methodology
The data is collected and compiled by the Organization for Economic Cooperation and Development (OECD) from government statistical agencies.
Historical Context
The current account balance is closely monitored by central banks, investors, and trade officials to inform economic and trade policy decisions.
Key Facts
- The current account is one of the three main components of a country's balance of payments.
- A current account deficit indicates a nation is a net borrower from the rest of the world.
- Persistent current account imbalances can impact exchange rates and foreign investment flows.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account measures the difference between a country's total imports and exports of goods, services, and capital.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers analyze the current account balance to understand a nation's international economic relationships and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Organization for Economic Cooperation and Development (OECD) from government statistical agencies.
Q: How is this trend used in economic policy?
A: The current account balance is closely monitored by central banks, investors, and trade officials to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The OECD publishes this data with regular updates, but there may be lags or revisions due to the complexities of international trade reporting.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for OECD (OECDB6BLTT01CXCUQ), retrieved from FRED.