Balance of Payments: Services: Expenditure for Portugal
PRTB6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,753,306,000.00
Year-over-Year Change
18.19%
Date Range
1/1/1996 - 10/1/2024
Summary
The 'Balance of Payments: Services: Expenditure for Portugal' metric tracks Portugal's international expenditure on services, providing insights into the country's trade position and 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
This economic indicator measures Portugal's expenditure on services in its international transactions, including tourism, transportation, and other professional services. It is an important component of the country's balance of payments and helps analysts assess Portugal's trade competitiveness and macroeconomic stability.
Methodology
The data is collected and calculated by Portugal's national statistics agency based on surveys and administrative records.
Historical Context
Policymakers and economists use this metric to evaluate Portugal's trade dynamics and inform decisions on economic policies and regulations.
Key Facts
- Portugal's services expenditure totaled $48.4 billion in 2021.
- Services account for over 70% of Portugal's total balance of payments.
- The metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Portugal's international expenditure on services, including tourism, transportation, and professional services.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into Portugal's trade position and competitiveness, which are important for understanding the country's macroeconomic performance and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Portugal's national statistics agency based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Portugal's trade dynamics and inform decisions on economic policies and regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Portugal
LFEM64FEPTA657N
Geographical Outreach: Number of Automated Teller Machines (ATMs) in 3 Largest Cities for Portugal
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Portugal
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Portugal
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Producer Prices Index: Economic Activities: Manufacturing: Total for Portugal
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Harmonized Index of Consumer Prices: Photographic and Cinematographic Equipment and Optical Instruments for Portugal
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for Portugal (PRTB6DBSE01CXCUQ), retrieved from FRED.