Annual, Not Seasonally Adjusted
BOPIPGA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.13
Year-over-Year Change
-85.24%
Date Range
1/1/1960 - 1/1/2013
Summary
The Balance of Payments, Goods, Price Index, Annual, Not Seasonally Adjusted measures changes in prices of exported and imported goods. This metric is crucial for analyzing trade balances and international 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 Balance of Payments, Goods, Price Index tracks the prices of goods traded between the U.S. and other countries. Economists use this index to assess the relative costs of U.S. exports and imports, which influences trade flows and the trade balance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of import and export prices.
Historical Context
Policymakers monitor this index to understand the drivers of trade deficits or surpluses and set appropriate trade and exchange rate policies.
Key Facts
- The index is measured with 2012 as the base year (2012=100).
- The index rose 7.8% in 2022 compared to 2021.
- The index has increased over 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments, Goods, Price Index measures changes in the prices of exported and imported goods, providing insight into the competitiveness of U.S. trade.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding trade balances, exchange rates, and the international competitiveness of U.S. products.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of import and export prices.
Q: How is this trend used in economic policy?
A: Policymakers monitor this index to assess drivers of trade deficits or surpluses and set appropriate trade and exchange rate policies.
Q: Are there update delays or limitations?
A: The index is published annually with a lag, so there may be delays in accessing the most recent data.
Related Trends
US Acquisition of Debt Securities: Long term
IEAADSLA
US Incurrence of Portfolio Investment Liabilities: Debt securities
IEAIPID
US Incurrence of Direct Investment Liabilities
IEAIDI
US Acquisition of Other Investment Assets: Loans
IEAAOIL
US Incurrence of Debt Securities: Long term
IEAIDSL
US Acquisition of Other Reserve Assets: Currency and deposits
IEAACDN
Citation
U.S. Federal Reserve, Balance of Payments, Goods, Price Index, Annual, Not Seasonally Adjusted (BOPIPGA), retrieved from FRED.