Balance of Payments: Total Net Current Account for Tonga
U.S. Dollars
TONBCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-71,800,002.60
Year-over-Year Change
152.93%
Date Range
1/1/2016 - 1/1/2024
Summary
The U.S. Dollars trend measures the total value of U.S. currency in circulation, providing insights into the country's money supply and economic activity.
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 tracks the total amount of U.S. dollar banknotes and coins that are actively circulating in the domestic and international economy. It is a key measure of the size and composition of the U.S. money supply.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on its records of currency issuance and redemption.
Historical Context
The U.S. Dollars trend is used by policymakers, economists, and market analysts to monitor monetary conditions and anticipate potential inflationary or deflationary pressures.
Key Facts
- The U.S. dollar is the world's most widely used reserve currency.
- The total value of U.S. dollars in circulation exceeds $2 trillion.
- Currency in circulation has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollars trend measures the total value of U.S. currency, including banknotes and coins, that are actively circulating in the domestic and international economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and composition of the U.S. money supply, which is a crucial factor in understanding monetary conditions, inflationary pressures, and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on its records of currency issuance and redemption.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use the U.S. Dollars trend to monitor monetary conditions and anticipate potential inflationary or deflationary pressures, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The U.S. Dollars data is updated regularly by the Federal Reserve, with minimal delays. As an official government statistic, the data is considered highly reliable and representative of the actual currency in circulation.
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Citation
U.S. Federal Reserve, U.S. Dollars (TONBCABP6USD), retrieved from FRED.