Balance of Payments: Current account balance (credit less debit) for El Salvador
SLVBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
-78.71%
Date Range
1/1/1980 - 1/1/2030
Summary
The Balance of Payments: Current account balance (credit less debit) for El Salvador measures the difference between the country's total exports and imports, providing insights into its economic health and international 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
This economic trend represents El Salvador's current account balance, which tracks the net flow of goods, services, income, and unilateral transfers between the country and the rest of the world. It is a key indicator of a nation's international economic competitiveness and can influence policy decisions, investment flows, and exchange rates.
Methodology
The data is calculated by the Salvadoran Central Bank based on international standards for balance of payments accounting.
Historical Context
Economists and policymakers closely monitor El Salvador's current account balance to assess the sustainability of its external position and guide trade, fiscal, and monetary policies.
Key Facts
- El Salvador's current account has been in deficit since the 1990s.
- The deficit reached a high of over 6% of GDP in 2008 due to the global financial crisis.
- Remittances from Salvadorans living abroad are a significant component of the current account.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current account balance (credit less debit) for El Salvador measures the difference between the country's total exports and imports of goods, services, income, and unilateral transfers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into El Salvador's international economic competitiveness and the sustainability of its external position, which is important for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Salvadoran Central Bank based on international standards for balance of payments accounting.
Q: How is this trend used in economic policy?
A: Economists and policymakers in El Salvador closely monitor the current account balance to assess the country's external position and guide trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Salvadoran Central Bank and may have some delays in publication.
Related Trends
Value of Exports to El Salvador from New Jersey
NJSLVA052SCEN
Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in El Salvador
IDSNFAMRIAOSV
Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for El Salvador
SLVFCBODUNUM
Inflation, consumer prices for El Salvador
FPCPITOTLZGSLV
Value of Exports to El Salvador from New York
NYSLVA052SCEN
Boone Indicator in Banking Market for El Salvador
DDOI05SVA156NWDB
Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for El Salvador (SLVBCAGDPBP6), retrieved from FRED.