Balance of Payments: Current account balance (credit less debit) for St. Kitts and Nevis
SKNBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.30
Year-over-Year Change
93.18%
Date Range
1/1/2014 - 1/1/2030
Summary
The 'Balance of Payments: Current account balance (credit less debit) for St. Kitts and Nevis' series measures the difference between the value of a country's imports and exports of goods, services, and investment income.
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 provides insight into a nation's international economic transactions and its relationship with the global economy. It is a key metric used by economists and policymakers to assess a country's trade position and financial stability.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reports from national statistical agencies.
Historical Context
Policymakers analyze current account balances to guide fiscal, monetary, and trade policies.
Key Facts
- St. Kitts and Nevis is a small island nation in the Caribbean.
- The current account balance measures a country's net trade in goods, services, and income.
- A surplus indicates that a country is a net lender to the rest of the world.
FAQs
Q: What does this economic trend measure?
A: This series measures the current account balance, which is the difference between a country's 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 a country's international economic competitiveness and financial stability, and is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reports from national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers analyze current account balances to guide fiscal, monetary, and trade policies aimed at improving a country's external economic position.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the IMF and may have a delay of several months in reporting the latest figures.
Related Trends
Value of Exports to Saint Kitts and Nevis from Minnesota
MNKNAA052SCEN
General Government Total Expenditure for St. Kitts and Nevis
SKNGGXGDP
Value of Exports to Saint Kitts and Nevis from Kansas
KSKNAA052SCEN
Number of Identified Exporters to Saint Kitts and Nevis from Alabama
ALKNAA475SCEN
Consumer Price Index for Saint Kitts and Nevis
DDOE02KNA086NWDB
Number of Listed Companies for Saint Kitts and Nevis
DDOM01KNA644NWDB
Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for St. Kitts and Nevis (SKNBCAGDPBP6), retrieved from FRED.