Quarterly, Not Seasonally Adjusted
BOPMSVPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.11
Year-over-Year Change
33.55%
Date Range
1/1/1960 - 1/1/2014
Summary
The 'Quarterly, Not Seasonally Adjusted' economic trend measures the balance of payments for services, a key component of the United States' international trade 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
This data series tracks the value of services exports and imports for the U.S. on a quarterly basis, providing insight into the nation's trade in services. It is an important economic indicator used by policymakers and analysts to assess the country's global competitiveness and external balances.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
The balance of payments for services is a crucial metric for understanding the overall U.S. trade position and supporting policy decisions.
Key Facts
- The U.S. has maintained a services trade surplus since the 1970s.
- Services account for over 60% of U.S. GDP.
- Travel and transportation are major components of services trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the balance of payments for services, tracking the value of U.S. services exports and imports on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The balance of payments for services is a crucial economic indicator used to assess the U.S. trade position and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: The balance of payments for services is used by policymakers and analysts to support trade, economic, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA, with a typical 2-3 month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Balance of Payments: Net Services (BOPMSVPN), retrieved from FRED.