Balance of Payments: Goods: Expenditure for Spain
ESPB6DBTD01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106,703,000,000.00
Year-over-Year Change
11.19%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend measures Spain's expenditure on goods as part of its balance of payments, providing insights into the country's trade balance and international economic integration.
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: Goods: Expenditure for Spain series tracks the value of goods imported by Spain from other countries. This metric is a key component of Spain's overall balance of payments, which summarizes the country's economic transactions with the rest of the world.
Methodology
The data is collected and calculated by Spain's national statistical agency using standardized international accounting principles.
Historical Context
This trend is closely monitored by economists, policymakers, and financial markets to assess Spain's trade performance and external competitiveness.
Key Facts
- Spain is the 14th largest economy in the world by nominal GDP.
- Spain's current account balance has fluctuated significantly in recent decades.
- Goods trade accounts for around two-thirds of Spain's total balance of payments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods imported by Spain from other countries as part of its balance of payments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Spain's trade balance and international economic integration, which are key factors in assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Spain's national statistical agency using standardized international accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and financial markets to assess Spain's trade performance and external competitiveness, which can inform economic policies and trade negotiations.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Spain (ESPB6DBTD01NCCUSAQ), retrieved from FRED.