Secondary Income Payments in Current US Dollars

Secondary income payments represent international transfers recorded in the balance of payments where an economy provides or receives goods, services, income, or financial items without a direct exchange. The data is expressed in current United States dollars, with no adjustment for inflation over time. It is compiled by the World Bank as part of the World Development Indicators.

Use Cases

• Analyze trends in secondary income payments over time using the time-series values.
• Compare the magnitude of non-reciprocal transfers across different economies using the current US dollar figures.
• Model the relationship between secondary income flows and other economic indicators like GDP or trade balances.
• Assess the impact of remittances or aid on national accounts by examining the payment data.

Strengths

• Data originates from the authoritative World Development Indicators database.
• Values are standardized in current United States dollars for cross-country comparison.

Limitations

• The specific number of rows, columns, and temporal coverage for the dataset is unknown.
• Data is in nominal terms (current US dollars), which may complicate longitudinal analysis without separate price deflators.

Provenance

Source

World Development Indicators, The World Bank

Collection Method

Compiled from national balance of payments statistics reported to the International Monetary Fund.

Geography

Global coverage of reporting economies.