Annual, Not Seasonally Adjusted
BOPOSDRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
-96.51%
Date Range
1/1/1970 - 1/1/2013
Summary
This economic trend measures the value of the U.S. balance of payments, specifically the current account balance on an annual, not seasonally adjusted basis. It is a key indicator of the nation's economic performance and global 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
The balance of payments current account captures the difference between a country's total exports and imports of goods, services, and income. It is an important metric for economists and policymakers to assess a nation's international economic activity and financial flows.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
The balance of payments current account is used to inform economic and trade policy decisions.
Key Facts
- The U.S. current account deficit was $897.8 billion in 2021.
- Goods trade account for the largest component of the current account.
- The current account balance is a key metric for assessing a country's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the U.S. balance of payments current account, which captures the difference between the country's total exports and imports of goods, services, and income.
Q: Why is this trend relevant for users or analysts?
A: The balance of payments current account is an important indicator of a nation's international economic activity and financial flows, and is used by economists and policymakers to assess the country's economic performance and global trade position.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: The balance of payments current account is used to inform economic and trade policy decisions, as it provides insights into a country's international competitiveness and financial flows.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account, Not Seasonally Adjusted (BOPOSDRA), retrieved from FRED.