Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Argentina
ARGB6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,291,629,000.00
Year-over-Year Change
-190.43%
Date Range
1/1/2006 - 10/1/2024
Summary
This economic trend measures Argentina's reserve assets, which are foreign assets held by the central bank or government. These assets play a crucial role in managing the country's balance of payments and exchange rate policy.
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
Argentina's reserve assets consist of foreign currencies, special drawing rights, reserve positions in the IMF, and monetary gold. The level and composition of these assets are closely monitored by policymakers to assess the country's external financial position and ability to meet international obligations.
Methodology
The data is collected by the Central Bank of Argentina and reported to the International Monetary Fund.
Historical Context
Reserve asset data is used by economists, investors, and policymakers to analyze Argentina's external economic stability and vulnerabilities.
Key Facts
- Argentina's reserve assets totaled $39.3 billion as of the latest data.
- Reserve assets account for over 10% of Argentina's GDP.
- Argentina's reserve assets have fluctuated significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures Argentina's reserve assets, which are foreign assets held by the central bank or government and used to manage the country's balance of payments and exchange rate policy.
Q: Why is this trend relevant for users or analysts?
A: Reserve asset data is closely watched by economists, investors, and policymakers as an indicator of Argentina's external financial position and ability to meet international obligations.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Argentina and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers use reserve asset data to analyze Argentina's external economic stability and vulnerabilities, informing decisions on exchange rate management, foreign exchange interventions, and international financial obligations.
Q: Are there update delays or limitations?
A: The data is published with a short time lag, and may be subject to revisions by the reporting agency.
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Citation
U.S. Federal Reserve, Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Argentina (ARGB6FARA01CXCUQ), retrieved from FRED.