US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted
BPCRSE01SEQ637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,956,660,000.00
Year-over-Year Change
13.55%
Date Range
1/1/1982 - 4/1/2014
Summary
This economic trend measures the total U.S. dollar value of cross-border personal remittances on a quarterly basis, adjusted for seasonal fluctuations. Remittances are an important economic indicator that reflects international money flows and can provide insights into migration patterns and household finances.
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 U.S. Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted trend represents the total value of cross-border personal remittances sent from the United States. This data is used by economists and policymakers to analyze global financial flows, assess the economic impacts of migration, and understand household financial resilience.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and other primary sources.
Historical Context
Remittance data is closely monitored by financial institutions, development organizations, and government agencies to inform policies related to international trade, migration, and financial inclusion.
Key Facts
- Remittances are a significant source of income for many developing countries.
- The U.S. is a major originator of global personal remittance flows.
- Remittance data can provide insights into household financial resilience.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total U.S. dollar value of cross-border personal remittances on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Remittance data is an important indicator of global financial flows, migration patterns, and household financial resilience, making it relevant for economists, policymakers, and development organizations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and other primary sources.
Q: How is this trend used in economic policy?
A: Remittance data is closely monitored by financial institutions, development organizations, and government agencies to inform policies related to international trade, migration, and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted (BPCRSE01SEQ637S), retrieved from FRED.