Balance of Payments: Current account balance (credit less debit) for Barbados
BRBBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.99
Year-over-Year Change
39.52%
Date Range
1/1/1980 - 1/1/2030
Summary
The Balance of Payments: Current account balance (credit less debit) for Barbados tracks the net value of Barbados' international transactions, providing insight into the country's economic health and trade relationships.
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 current account balance measures a country's net trade in goods and services, net earnings on cross-border investments, and net transfer payments. It is a key indicator of a nation's economic performance and global competitiveness.
Methodology
This data is collected and calculated by the Central Bank of Barbados based on international accounting standards.
Historical Context
Economists and policymakers use this data to assess Barbados' trade dynamics and broader macroeconomic conditions.
Key Facts
- Barbados has run a current account deficit since the 1980s.
- The current account deficit reached a high of 11.9% of GDP in 2008.
- Tourism is Barbados' largest export industry.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current account balance (credit less debit) for Barbados tracks the net value of the country's international transactions, including trade in goods and services, investment income, and transfer payments.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Barbados' economic performance and global competitiveness, providing insights into the country's trade dynamics and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the Central Bank of Barbados based on international accounting standards.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess Barbados' trade dynamics and broader macroeconomic conditions, which can inform economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Central Bank of Barbados, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for Barbados (BRBBCAGDPBP6), retrieved from FRED.