Quarterly, Seasonally Adjusted
BOPIP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.66
Year-over-Year Change
-60.22%
Date Range
1/1/1960 - 1/1/2014
Summary
The Balance of Payments Index of Prices (BOPIP) measures changes in U.S. prices of goods and services traded internationally. It is a key indicator of the nation's international price competitiveness.
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 BOPIP tracks the overall price levels of U.S. exports and imports, providing insight into the cost-based trade position of the United States. Economists and policymakers use the BOPIP to analyze the relative prices of American goods and services in global markets.
Methodology
The BOPIP is calculated by the U.S. Bureau of Economic Analysis using price data for a representative basket of traded goods and services.
Historical Context
The BOPIP is monitored by the Federal Reserve and other institutions to assess the impact of exchange rates, tariffs, and other factors on U.S. trade flows.
Key Facts
- The BOPIP is published quarterly by the U.S. Bureau of Economic Analysis.
- The index uses 2012 as the base year, with a value of 100.
- Rising BOPIP values indicate a loss of U.S. price competitiveness in global markets.
FAQs
Q: What does the Balance of Payments Index of Prices (BOPIP) measure?
A: The BOPIP tracks changes in the overall price levels of U.S. exports and imports, providing a measure of the nation's international price competitiveness.
Q: Why is the BOPIP trend relevant for users or analysts?
A: The BOPIP is an important indicator used by economists and policymakers to assess the cost-based trade position of the United States and the impact of factors like exchange rates and tariffs on U.S. trade flows.
Q: How is the BOPIP data collected or calculated?
A: The BOPIP is calculated by the U.S. Bureau of Economic Analysis using price data for a representative basket of goods and services traded internationally.
Q: How is the BOPIP trend used in economic policy?
A: The BOPIP is monitored by the Federal Reserve and other institutions to analyze the international price competitiveness of the United States and its impact on trade patterns and the broader economy.
Q: Are there any update delays or limitations with the BOPIP data?
A: The BOPIP is published quarterly by the U.S. Bureau of Economic Analysis, so there may be a delay of several months between the reference period and the release of the latest data.
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Citation
U.S. Federal Reserve, Balance of Payments Index of Prices (BOPIP), retrieved from FRED.