Balance of Payments: Services: Expenditure for Argentina
ARGB6DBSE01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,505,527,000.00
Year-over-Year Change
46.72%
Date Range
1/1/2006 - 10/1/2024
Summary
The Balance of Payments: Services: Expenditure for Argentina measures Argentina's international transactions related to services, which are a key component of a country's overall economic activity and trade.
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 Argentina's expenditures on services, such as travel, transportation, and business services, that are exchanged with other countries. It provides insight into Argentina's participation in the global services trade and can inform economic policy decisions.
Methodology
The data is collected and reported by the Argentine Central Bank.
Historical Context
Policymakers and analysts use this metric to assess Argentina's services trade balance and competitiveness in the global services market.
Key Facts
- Argentina's services expenditure was $8.4 billion in 2020.
- Services account for over 60% of Argentina's GDP.
- Travel and transportation services make up the largest share of Argentina's services expenditure.
FAQs
Q: What does this economic trend measure?
A: This trend measures Argentina's expenditures on services, such as travel, transportation, and business services, in its international transactions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Argentina's participation in the global services trade, which is an important component of its overall economic activity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Argentine Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Argentina's services trade balance and competitiveness in the global services market, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and any limitations of the Argentine Central Bank.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for Argentina (ARGB6DBSE01CXCUSAQ), retrieved from FRED.