Balance of Payments: Secondary Income: Revenue for OECD
OECDB6CRSI01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238,375,000,000.00
Year-over-Year Change
19.19%
Date Range
1/1/2005 - 10/1/2024
Summary
The 'Balance of Payments: Secondary Income: Revenue for OECD' trend measures the total revenue from secondary income flows between OECD member countries. This metric is a key indicator of cross-border economic activity and financial transactions.
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 refers to current transfers, such as worker remittances, government grants, and other private payments between OECD nations. This data provides insight into the volume and trends of these international income flows, which are an important component of a country's balance of payments.
Methodology
The data is collected and reported by the Organization for Economic Cooperation and Development (OECD).
Historical Context
Policymakers and analysts use this metric to assess the broader economic and financial linkages between OECD economies.
Key Facts
- OECD secondary income revenue totaled $1.24 trillion in 2021.
- Secondary income accounts for 5-10% of total OECD balance of payments.
- The U.S. is the largest recipient of OECD secondary income flows.
FAQs
Q: What does this economic trend measure?
A: The 'Balance of Payments: Secondary Income: Revenue for OECD' metric tracks the total inflows of secondary income, such as worker remittances and government transfers, between OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the cross-border financial linkages and economic interdependence of OECD economies, which is crucial for assessing broader trade and capital flow dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the OECD based on member country submissions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the financial flows and economic integration between OECD nations, informing decisions on trade, immigration, and international economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions by the OECD.
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Citation
U.S. Federal Reserve, Balance of Payments: Secondary Income: Revenue for OECD (OECDB6CRSI01CXCUQ), retrieved from FRED.