Balance of Payments BPM6: Financial Account: Reserve Assets: Reserve Assets Net for the Euro Area (19 Countries)
EA19B6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,067,567,755.74
Year-over-Year Change
-1001.97%
Date Range
1/1/1999 - 10/1/2022
Summary
This economic trend measures the net change in reserve assets held by the 19 countries in the Eurozone. Reserve assets are crucial for managing exchange rates and safeguarding financial stability.
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 Balance of Payments Financial Account tracks cross-border financial transactions, including changes in reserve assets held by a country's central bank. This Eurozone-wide metric provides insight into the region's ability to manage its external position and respond to economic shocks.
Methodology
The data is collected by Eurostat from national statistical agencies and central banks.
Historical Context
Monitoring reserve asset trends is important for policymakers assessing Eurozone financial resilience and competitiveness.
Key Facts
- The Eurozone held €787 billion in reserve assets as of 2022.
- Reserve assets help central banks manage exchange rates and provide liquidity.
- Net reserve asset flows indicate changes in a country's external position.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the net change in reserve assets held by the central banks of the 19 countries in the Eurozone. Reserve assets are foreign currencies, gold, special drawing rights, and other highly liquid financial instruments.
Q: Why is this trend relevant for users or analysts?
A: Reserve asset levels are a key indicator of a country or region's ability to manage its exchange rate, provide liquidity, and respond to economic shocks. Monitoring Eurozone reserve asset trends is crucial for assessing the financial resilience and competitiveness of the currency union.
Q: How is this data collected or calculated?
A: The data is collected by Eurostat from the national statistical agencies and central banks of the 19 Eurozone member states.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor Eurozone reserve asset levels to gauge the region's external position and inform decisions on exchange rate management, macroeconomic policy, and financial stability measures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to historical values as source data is updated.
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Citation
U.S. Federal Reserve, Balance of Payments BPM6: Financial Account: Reserve Assets: Reserve Assets Net for the Euro Area (19 Countries) (EA19B6FARA01CXCUQ), retrieved from FRED.