Percent of GDP, Annual, Not Seasonally Adjusted
BPBLSE01SEA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.87
Year-over-Year Change
-1942.86%
Date Range
1/1/1993 - 1/1/2013
Summary
This economic trend measures the percent of GDP accounted for by the balance of payments, on an annual and not seasonally adjusted basis. It provides insights into the U.S. trade position and the relative size of international transactions.
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 is a measure of all transactions between a country and the rest of the world. This indicator shows the balance of payments as a percentage of GDP, offering a high-level perspective on the scale and direction of a country's international economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and trade statistics.
Historical Context
Policymakers and analysts use this metric to assess a country's external economic position and the sustainability of its trade balance.
Key Facts
- The balance of payments can be in surplus or deficit.
- A trade deficit means a country imports more than it exports.
- The balance of payments affects a country's foreign exchange rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the balance of payments, which is the difference between a country's total inflows and outflows of goods, services, and capital, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The balance of payments is a key indicator of a country's international economic position and trade competitiveness. It helps assess the sustainability of a country's trade balance and can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate a country's external economic position and the sustainability of its trade balance, which can inform decisions around trade policy, exchange rates, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published on an annual basis with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Percent of GDP, Annual, Not Seasonally Adjusted (BPBLSE01SEA188S), retrieved from FRED.