Balance of payments BPM6: Current account Credits: Secondary income: Total Credits for G20
G20B6CRSI01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117,761,963,781.87
Year-over-Year Change
8.96%
Date Range
1/1/2006 - 10/1/2017
Summary
The Balance of Payments BPM6: Current Account Credits: Secondary Income: Total Credits for G20 measures international income transfers received by G20 economies, which are critical for understanding a country's overall external position.
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
This economic trend tracks the total credits received by G20 countries as part of the secondary income component of the current account balance. Secondary income includes items like personal transfers, government transfers, and other current transfers that impact a country's international investment position.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reporting from national statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess a country's international financial flows and overall external stability.
Key Facts
- G20 economies received over $1.7 trillion in secondary income credits in 2021.
- Secondary income accounts for 10-15% of the total current account balance for major G20 countries.
- The U.S. and China are the largest recipients of secondary income credits among G20 members.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total secondary income credits received by the G20 group of major economies as part of their current account balances.
Q: Why is this trend relevant for users or analysts?
A: Secondary income flows are an important component of a country's overall external position and international investment, making this metric valuable for policymakers and economists analyzing global financial conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reporting from national statistical agencies.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor this metric to assess a country's international financial flows and overall external stability, which informs policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 3-6 month delay in publishing this data due to the time required for national statistical agencies to report their figures to the IMF.
Related Trends
Balance of Payments: Services: Expenditure for G20
G20B6DBSE01CXCUSAQ
International Trade: Imports: Value (goods): Total for G20
G20XTIMVA01STSAQ
Balance of payments BPM6: Financial account: Direct investment: Direct investment Net for G20
G20B6FADI01CXCUQ
Balance of payments BPM6: Current account Debits: Services: Total Debits as % of Current account for G20
G20B6DBSE02STSAQ
Balance of payments BPM6: Financial account: Portfolio investment: Portfolio investment Net for G20
G20B6FAPI10CXCUQ
Balance of payments BPM6: Current account Debits: Services: Total Debits for G20
G20B6DBSE01CXCUQ
Citation
U.S. Federal Reserve, Balance of payments BPM6: Current account Credits: Secondary income: Total Credits for G20 (G20B6CRSI01CXCUQ), retrieved from FRED.