Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Argentina
ARGB6BLTT02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
-188.85%
Date Range
1/1/2006 - 10/1/2024
Summary
The Balance of Payments: Current Account Balance for Argentina tracks the difference between the country's total exports and imports of goods, services, and investment income. This metric is a key indicator of Argentina's economic health and external trade position.
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 measures a country's net trade in goods and services, as well as net earnings on cross-border investments and transfer payments. It represents Argentina's participation in the global economy and is closely watched by policymakers, economists, and investors.
Methodology
The data is collected by Argentina's National Institute of Statistics and Census based on international reporting standards.
Historical Context
The current account balance is a critical factor in evaluating Argentina's macroeconomic policies and exchange rate management.
Key Facts
- Argentina has run a current account deficit for most of the past decade.
- The current account balance is heavily influenced by Argentina's commodity exports.
- Maintaining a sustainable current account position is a key policy objective for the Argentine government.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account Balance for Argentina tracks the difference between the country's total exports and imports of goods, services, and investment income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a critical indicator of Argentina's economic health and external trade position, closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by Argentina's National Institute of Statistics and Census based on international reporting standards.
Q: How is this trend used in economic policy?
A: The current account balance is a key factor in evaluating Argentina's macroeconomic policies and exchange rate management.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be some reporting delays or limitations due to the complexities of measuring cross-border transactions.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Argentina (ARGB6BLTT02STSAQ), retrieved from FRED.