Balance of payments BPM6: Current account Debits: Secondary income: Total Debits for G20
G20B6DBSI01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173,963,284,340.91
Year-over-Year Change
10.19%
Date Range
1/1/2006 - 10/1/2017
Summary
This economic indicator measures total debits, or outflows, in the secondary income account of the current account for the G20 economies. It provides insights into cross-border transfers and payments between G20 countries.
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 (BPM6) Secondary Income: Total Debits for G20 captures the value of current transfers from G20 economies to the rest of the world. This data point is a key component of the current account and reflects international flows of personal transfers, government transfers, and other secondary income.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reporting from member countries.
Historical Context
This metric is widely used by economists, policymakers, and analysts to assess the financial position and economic interdependence of the G20 group.
Key Facts
- The G20 economies account for over 80% of global GDP.
- Secondary income includes personal transfers, government transfers, and other current transfers.
- Debits in the secondary income account reflect outflows from the G20 to the rest of the world.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total debits, or outflows, in the secondary income account of the current account for the G20 economies. It captures cross-border transfers and payments from the G20 to the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial position and economic interdependence of the G20 group, which is critical for economists, policymakers, and analysts assessing global economic trends and policies.
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 member countries.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers and analysts to assess the financial flows and economic relationships between the G20 economies and the rest of the world, informing international economic policies and negotiations.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and processes of the IMF, which may result in periodic update delays. Users should consult the source for the most current information and any known limitations.
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Citation
U.S. Federal Reserve, Balance of payments BPM6: Current account Debits: Secondary income: Total Debits for G20 (G20B6DBSI01CXCUQ), retrieved from FRED.