Secondary income (current transfer) receipts
IEAXSIR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,583.00
Year-over-Year Change
12.60%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Secondary income (current transfer) receipts' trend measures the receipts of current transfers, such as worker's remittances and government grants, between the United States and the rest of the world. This data point is important for economists and policymakers to understand global economic integration and the balance of payments.
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
Secondary income receipts represent the inflow of unilateral current transfers to the United States, including items like foreign workers' remittances, government grants, and pension payments. This metric provides insight into the cross-border movement of income not associated with the trade of goods and services.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
Policymakers and market analysts use this metric to assess the broader macroeconomic and financial context of the U.S. economy.
Key Facts
- Secondary income receipts totaled $235 billion in 2021.
- Remittances account for over 75% of secondary income receipts.
- The U.S. has run a surplus in secondary income since the 1970s.
FAQs
Q: What does this economic trend measure?
A: The 'Secondary income (current transfer) receipts' metric measures the inflow of unilateral current transfers to the United States, such as worker remittances, government grants, and pension payments.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the cross-border movement of income not associated with trade, which is important for understanding global economic integration and the U.S. balance of payments.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the broader macroeconomic and financial context of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of approximately 3 months.
Related Trends
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Primary Income Receipts: Investment income: Reserve asset income
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Secondary income receipts: Statistical differences, ITA vs. NIPA
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Primary Income Receipts: Compensation of employees
IEAXIC
Primary Income Receipts: Investment income: Direct investment income
IEAXID
Secondary income receipts: Adjustment for U.S. territories and Puerto Rico
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Citation
U.S. Federal Reserve, Secondary income (current transfer) receipts (IEAXSIR), retrieved from FRED.