Annual, Not Seasonally Adjusted
BOPMSVPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-32.03
Year-over-Year Change
69.19%
Date Range
1/1/1960 - 1/1/2013
Summary
The 'Annual, Not Seasonally Adjusted' series measures the value of U.S. services trade, providing insights into a key component of the nation's balance of payments.
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
This annual, unadjusted services trade metric tracks the total value of service exports and imports, including categories like travel, transportation, and financial services. It is a important indicator of the U.S. international economic position.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to evaluate the competitiveness of U.S. service industries and the overall trade balance.
Key Facts
- Services account for over 75% of U.S. GDP.
- The U.S. runs a services trade surplus, unlike its overall trade deficit.
- Growth in services exports has outpaced goods exports in recent decades.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of U.S. services exports and imports on an annual, unadjusted basis.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the competitiveness of U.S. service industries and the overall balance of trade, which are key economic indicators.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the U.S. trade position and the competitiveness of service sectors.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Imports of Goods: Non-Manufactured Commodities for U.S. Virgin Islands
IMPNONVI
U.S. Imports of Services: Maintenance and Repair Services, not included elsewhere
ITMMARM133S
Imports of Goods and Services: Balance of Payments Basis
BOPTIMP
Imports of Services: Telecommunications, computer, and information services
IEAMSTC
Imports of Goods: General Merchandise: Automotive vehicles, parts, and engines
IEAMGAV
Imports of Goods for Puerto Rico
IMPTOTPR
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (BOPMSVPA), retrieved from FRED.