Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Turkiye
TURB6FATC01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,523,890,000.00
Year-over-Year Change
-387.30%
Date Range
1/1/1992 - 10/1/2024
Summary
The Balance of Payments: Financial Account measures the net acquisition of foreign assets by Turkiye's residents. This key economic indicator provides insight into the country's international investment position and capital flows.
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 Financial Account tracks the net change in Turkiye's holdings of foreign financial assets, such as direct investment, portfolio investment, and other investment. This data is used by economists and policymakers to analyze the country's external accounts and evaluate its economic integration with global markets.
Methodology
The data is collected and compiled by Turkiye's Central Bank based on survey responses and other statistical sources.
Historical Context
This financial account information is used to monitor Turkiye's external balance and guide policies related to exchange rates, capital controls, and international trade.
Key Facts
- Turkiye's financial account has recorded net asset acquisition since 2010.
- The financial account is a key component of Turkiye's overall balance of payments.
- Monitoring the financial account is important for understanding Turkiye's international investment position.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Financial Account measures the net acquisition of foreign assets by Turkiye's residents, including direct investment, portfolio investment, and other financial flows.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Turkiye's international investment position and capital flows, which is crucial for evaluating the country's economic integration and external balance.
Q: How is this data collected or calculated?
A: The data is collected and compiled by Turkiye's Central Bank based on survey responses and other statistical sources.
Q: How is this trend used in economic policy?
A: The financial account information is used to monitor Turkiye's external balance and guide policies related to exchange rates, capital controls, and international trade.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by Turkiye's Central Bank, but there may be some reporting delays or limitations due to the complexity of cross-border financial transactions.
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Citation
U.S. Federal Reserve, Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Turkiye (TURB6FATC01CXCUQ), retrieved from FRED.