Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Russia
RUSB6CATT01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4,750,000.00
Year-over-Year Change
-82.21%
Date Range
1/1/1994 - 10/1/2024
Summary
This economic trend tracks Russia's balance of payments for acquisitions and disposals of nonproduced nonfinancial assets, providing insight into the country's trade and investment dynamics.
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 Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Russia measures the net trade in intangible assets such as patents, copyrights, and natural resources. This metric is used by economists to analyze Russia's international economic position and competitiveness.
Methodology
The data is collected and reported by the Central Bank of Russia as part of the country's balance of payments statistics.
Historical Context
This trend is relevant for understanding Russia's external economic relations and trade policy.
Key Facts
- Russia's balance of payments for nonproduced nonfinancial assets was $2.78 billion in Q1 2023.
- This metric has shown a surplus, indicating Russia earns more from asset trade than it spends.
- The trend provides insight into Russia's international trade and investment dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend tracks Russia's balance of payments for acquisitions and disposals of nonproduced nonfinancial assets, such as patents, copyrights, and natural resources.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Russia's international economic position and competitiveness, as it reflects the country's trade and investment dynamics in intangible assets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Russia as part of the country's balance of payments statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Russia's external economic relations and trade policy, as it reflects the country's competitiveness in the global market for intangible assets.
Q: Are there update delays or limitations?
A: The data is published quarterly, and there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Russia (RUSB6CATT01CXCUQ), retrieved from FRED.