US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPBLSE01BRA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-48,928,250,000.00
Year-over-Year Change
887.02%
Date Range
1/1/1979 - 1/1/2014
Summary
This economic trend measures the total U.S. dollar value of personal remittances, which are personal transfers between residents and non-residents. It provides insights into international financial flows and cross-border 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 'US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted' series tracks the total annual amount of personal remittances sent from the United States to other countries. This metric is widely used by economists and policymakers to analyze international migration patterns and understand the economic impact of remittance flows.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on survey responses and other sources.
Historical Context
Remittance data is closely monitored by governments, central banks, and international organizations to assess the role of personal transfers in the global economy.
Key Facts
- The U.S. is the world's largest source of personal remittances.
- Remittances provide a vital income source for many developing countries.
- Global remittance flows reached $702 billion in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual value of personal remittances, which are private financial transfers from residents to non-residents, flowing out of the United States.
Q: Why is this trend relevant for users or analysts?
A: Remittance data is an important indicator of international financial activity and cross-border household economic ties. It provides insights into migration patterns and the economic impacts of personal transfers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: Remittance flows are closely monitored by governments, central banks, and international organizations to assess their role in global financial systems and their impacts on both source and recipient economies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture all informal or unrecorded remittance channels.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPBLSE01BRA637S), retrieved from FRED.