Quarterly, Not Seasonally Adjusted
BOPMGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-34.88
Year-over-Year Change
4.35%
Date Range
1/1/1960 - 1/1/2014
Summary
The Quarterly, Not Seasonally Adjusted series measures the net balance of goods and services traded by the United States. This metric is a crucial economic indicator for understanding the nation's trade performance and current account 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
The Quarterly, Not Seasonally Adjusted series tracks the difference between the value of U.S. exports and imports of goods and services. It represents a key component of the country's balance of payments, which summarizes all economic transactions between U.S. residents and the rest of the world.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international trade flows.
Historical Context
Policymakers and analysts use this series to assess the state of U.S. international trade and its broader macroeconomic implications.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- China is the largest source of the U.S. trade deficit.
- Services trade has offset some of the goods trade deficit.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted series tracks the difference between the value of U.S. exports and imports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the U.S. trade performance and current account position, with implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international trade flows.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess the state of U.S. international trade and its macroeconomic implications.
Q: Are there update delays or limitations?
A: The data is released quarterly, with some lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Balance on Goods and Services, Trade (BOPMGN), retrieved from FRED.