Annual, Not Seasonally Adjusted
BOPMSVRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-39.02
Year-over-Year Change
134.17%
Date Range
1/1/1960 - 1/1/2013
Summary
The Balance of Payments Measured Service Transactions, Annual, Not Seasonally Adjusted series tracks the annual value of service exports and imports for the United States. It is a key indicator of the nation's international economic 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 series measures the annual, unadjusted total value of service transactions between U.S. residents and foreign residents. It encompasses diverse service exports and imports, including tourism, transportation, and professional services. Economists and policymakers use this data to assess the U.S. trade balance and international competitiveness.
Methodology
The data is collected through surveys of U.S. businesses and individuals by the Bureau of Economic Analysis.
Historical Context
This annual service trade metric informs U.S. economic and trade policy decisions.
Key Facts
- The U.S. recorded $861 billion in service exports in 2021.
- Service trade accounts for over 30% of total U.S. international trade.
- Travel and tourism services make up the largest service export category.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total annual value of service exports and imports for the United States, providing a high-level view of the nation's international service trade.
Q: Why is this trend relevant for users or analysts?
A: The balance of service trade is a key indicator of U.S. international economic competitiveness and a factor in assessing the overall trade deficit or surplus.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and individuals by the Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this annual service trade data to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually with a delay of several months, so it may not reflect the most recent economic conditions.
Related Trends
Imports of Goods: General merchandise
IEAMGM
Imports of Services: Financial services
IEAMSFN
Primary income payments
IEAMI
Imports of Goods: General Merchandise: Consumer goods except food and automotive
IEAMGCG
Imports of Services: Maintenance and repair services n.i.e.
IEAMSM
Primary income payments: Investment income
IEAMII
Citation
U.S. Federal Reserve, Balance of Payments Measured Service Transactions, Annual, Not Seasonally Adjusted (BOPMSVRA), retrieved from FRED.