Balance on Current Account for Iran, Islamic Republic of
IRNBCAUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,912,403,696.60
Year-over-Year Change
-44.58%
Date Range
1/1/2000 - 1/1/2025
Summary
The Balance on Current Account for Iran measures the difference between Iran's total imports and exports of goods, services, and investment income. It is a key indicator of Iran's economic health and global trade 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 current account balance tracks Iran's transactions with the rest of the world, including trade in goods and services as well as income flows. This metric is closely watched by economists and policymakers to assess Iran's external imbalances and competitiveness.
Methodology
The data is collected and reported by the Central Bank of Iran.
Historical Context
The current account balance is an important input for Iran's fiscal and monetary policies.
Key Facts
- Iran's current account balance averaged $2.6 billion from 2011 to 2020.
- The current account surplus peaked at $31.7 billion in 2011.
- Iran has run a current account deficit in 7 out of the last 10 years.
FAQs
Q: What does this economic trend measure?
A: The Balance on Current Account for Iran measures the difference between the country's total imports and exports of goods, services, and investment income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Iran's economic health and global trade position, providing insights into the country's external imbalances and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Iran.
Q: How is this trend used in economic policy?
A: The current account balance is an important input for Iran's fiscal and monetary policies, as it reflects the country's external position and trade dynamics.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can be affected by changes in Iran's trade and investment flows.
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Citation
U.S. Federal Reserve, Balance on Current Account for Iran, Islamic Republic of (IRNBCAUSD), retrieved from FRED.