Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Australia
AUSB6FARA01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
722,000,000.00
Year-over-Year Change
-57.95%
Date Range
7/1/1959 - 10/1/2024
Summary
The Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Australia measures the net changes in the country's official foreign exchange reserves.
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 net flows of official reserve assets in Australia, which include foreign currency deposits, special drawing rights, reserve positions in the IMF, and monetary gold. It provides insights into the management of the country's international liquidity position.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics.
Historical Context
This trend is closely monitored by policymakers and analysts to assess Australia's external sector performance and international economic positioning.
Key Facts
- Australia's reserve assets totaled $48.7 billion in 2022.
- Reserve assets grew by 8.3% year-over-year in 2022.
- Australia maintains the 13th largest official foreign exchange reserves globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net changes in Australia's official foreign exchange reserves, including foreign currency deposits, special drawing rights, reserve positions in the IMF, and monetary gold.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Australia's management of its international liquidity position and is closely monitored by policymakers and analysts to assess the country's external sector performance and economic positioning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Australia's external sector performance and international economic positioning, which informs policy decisions related to exchange rate management, foreign exchange intervention, and international reserve management.
Q: Are there update delays or limitations?
A: There may be some update delays or limitations in the data due to the complexities of collecting and reporting international reserve asset information, but the Australian Bureau of Statistics strives to provide the most accurate and timely data possible.
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Citation
U.S. Federal Reserve, Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Australia (AUSB6FARA01NCCUQ), retrieved from FRED.