Annual, Not Seasonally Adjusted
BOPOGFA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
12255.56%
Date Range
1/1/1960 - 1/1/2013
Summary
The annual, not seasonally adjusted Balance of Payments (BOP) Goods and Services account measures the difference between the value of U.S. exports and imports. This provides insight into the U.S. trade balance and is a key economic indicator.
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 BOP Goods and Services account tracks the monetary value of all physical goods and services exchanged between U.S. residents and foreign residents. It is a vital component of the broader U.S. Balance of Payments data, which measures the country's international transactions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and administrative records.
Historical Context
This trend is closely monitored by policymakers, investors, and economists to assess the U.S. trade position and its impact on economic growth.
Key Facts
- The U.S. has run a trade deficit since 1976.
- Goods account for about 75% of total U.S. trade.
- The trade deficit peaked at $876 billion in 2006.
FAQs
Q: What does this economic trend measure?
A: The BOP Goods and Services account measures the difference between the value of U.S. exports and imports of physical goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the U.S. trade balance and is a key indicator of the country's economic performance and global competitiveness.
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 and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor the BOP Goods and Services account to assess the U.S. trade position and its impact on economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two to three months.
Related Trends
US Incurrence of Direct Investment Liabilities
IEAIDI
US Acquisition of Debt Securities: Short term
IEAADSS
US Acquisition of Direct Investment Assets: Equity
IEAADIE
US Acquisition of Reserve Assets: Special drawing rights
IEAARSD
US Incurrence of Portfolio Investment Liabilities
IEAIPI
US Acquisition of Reserve Assets: Monetary gold
IEAARM
Citation
U.S. Federal Reserve, Balance of Payments: Goods and Services, Exports and Imports (BOPOGFA), retrieved from FRED.