Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Ireland
IRLB6CATT02CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,964,320.00
Year-over-Year Change
590.38%
Date Range
1/1/2002 - 1/1/2024
Summary
The Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Ireland tracks net international capital transfers, a key component of a country's 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
This economic indicator represents the difference between capital transfers received by Ireland from other countries and capital transfers paid out. It is an important measure of a country's international investment position and can inform economic policy decisions.
Methodology
The data is collected and reported by Ireland's Central Statistics Office.
Historical Context
Policymakers use this metric to assess Ireland's external financial flows and international investment position.
Key Facts
- Ireland received a net capital transfer surplus in 2021.
- Capital transfers can include debt forgiveness and migrant transfers.
- This metric is seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the net balance of capital transfers between Ireland and other countries, including debt forgiveness and migrant transfers.
Q: Why is this trend relevant for users or analysts?
A: The capital transfers balance is an important component of a country's overall balance of payments, providing insight into its international investment position and financial flows.
Q: How is this data collected or calculated?
A: The data is collected and reported by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess Ireland's external financial position and inform decisions related to international investment and capital flows.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical lag of several months.
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Citation
U.S. Federal Reserve, Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Ireland (IRLB6CATT02CXCUQ), retrieved from FRED.