Quarterly, Not Seasonally Adjusted
BPBLTD01RUQ637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,058,000,000.00
Year-over-Year Change
107.00%
Date Range
1/1/1994 - 4/1/2012
Summary
This series measures the U.S. balance on trade in services on a quarterly basis without seasonal adjustments. It is an important economic indicator for understanding the nation's international trade performance.
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 on Trade in Services, Not Seasonally Adjusted is a measure of the difference between the value of services exported from the U.S. and the value of services imported. This metric provides insight into the strength of the U.S. services sector in global trade.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis through surveys of international trade in services.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to assess the U.S. trade position and competitiveness.
Key Facts
- The U.S. had a $69.9 billion services trade surplus in Q4 2022.
- Services account for over 70% of U.S. GDP.
- The largest U.S. services exports are travel, transport, and intellectual property.
FAQs
Q: What does this economic trend measure?
A: This series measures the difference between the value of services exported from the United States and the value of services imported, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The balance on trade in services is an important indicator of the U.S. services sector's competitiveness and contribution to the overall trade position.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis through surveys of international trade in services.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess the U.S. trade position and the competitiveness of the services sector.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Balance on Trade in Services, Not Seasonally Adjusted (BPBLTD01RUQ637N), retrieved from FRED.