Balance of Payments: Goods: Expenditure for Argentina
ARGB6DBTD01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,601,600,000.00
Year-over-Year Change
-2.02%
Date Range
1/1/2006 - 10/1/2024
Summary
This economic series measures Argentina's expenditure on imported goods as part of its balance of payments. It is an important indicator of the country's trade dynamics and international 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
The Balance of Payments: Goods: Expenditure for Argentina tracks the total value of goods imported by Argentina. This reflects the country's demand for foreign products and is a key component of its overall trade balance and international financial position.
Methodology
The data is collected and reported by Argentina's national statistics agency.
Historical Context
Policymakers and analysts use this metric to assess Argentina's trade competitiveness and the health of its external sector.
Key Facts
- Argentina's goods expenditure peaked at $8.78 billion in 2011.
- Goods imports account for over 80% of Argentina's total current account.
- Argentina runs a consistent trade deficit in goods, offset by services trade surpluses.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of goods imported by Argentina as part of its balance of payments.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into Argentina's international trade dynamics and the health of its external sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by Argentina's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Argentina's trade competitiveness and external position.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and publication delays common for international economic statistics.
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Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Argentina (ARGB6DBTD01CXCUSAQ), retrieved from FRED.