Balance on secondary income
IEABCSI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-51,951.00
Year-over-Year Change
37.74%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Balance on secondary income' measures net income flows between residents and nonresidents, such as worker remittances and investment income. It is a key component of the current account and provides insights into a country's international economic 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
The balance on secondary income, also known as the 'net current transfers' account, tracks the net flow of unilateral current transfers between residents and nonresidents. This includes items like worker remittances, government grants, and certain types of investment income.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis (BEA) through surveys of individuals, businesses, and government agencies.
Historical Context
Policymakers closely monitor the balance on secondary income as it impacts a country's current account balance and overall international economic position.
Key Facts
- The U.S. has run a deficit on secondary income since the 1970s.
- Worker remittances are the largest component of secondary income flows.
- The secondary income balance is influenced by demographic and economic factors.
FAQs
Q: What does the 'balance on secondary income' measure?
A: The balance on secondary income tracks the net flow of unilateral current transfers between U.S. residents and nonresidents, such as worker remittances, government grants, and certain investment income.
Q: Why is the balance on secondary income relevant for users or analysts?
A: The secondary income balance is an important component of the current account, providing insights into a country's international economic position and cross-border income flows.
Q: How is the data for the balance on secondary income collected?
A: The data is collected by the U.S. Bureau of Economic Analysis (BEA) through surveys of individuals, businesses, and government agencies.
Q: How is the balance on secondary income used in economic policy?
A: Policymakers monitor the secondary income balance as it impacts the overall current account balance and a country's international economic standing, which can influence policy decisions.
Q: Are there any update delays or limitations with this data?
A: The balance on secondary income data is published quarterly by the BEA, with typical update delays of 2-3 months.
Related Trends
Citation
U.S. Federal Reserve, Balance on secondary income (IEABCSI), retrieved from FRED.