Percent of GDP, Quarterly, Seasonally Adjusted
BPBLTT01SEQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.03
Year-over-Year Change
-6.85%
Date Range
1/1/1993 - 4/1/2014
Summary
This economic trend measures the percent of U.S. GDP represented by balance of payments current account net transactions, reported quarterly and seasonally adjusted.
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 measures the net flow of goods, services, income, and unilateral transfers between the U.S. and other countries. It is a key indicator of the U.S. trade position and global economic integration.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and financial markets.
Key Facts
- The U.S. current account deficit was 3.2% of GDP in Q3 2022.
- The current account deficit has averaged 2.4% of GDP over the past decade.
- Deficits are typically financed by net inflows of foreign investment into the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the balance of payments current account as a percentage of U.S. gross domestic product (GDP), reported quarterly and seasonally adjusted.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of a country's trade position and global economic integration. It is closely monitored by policymakers, economists, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the U.S. trade position and global competitiveness, as well as to inform decisions around trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent of GDP, Quarterly, Seasonally Adjusted (BPBLTT01SEQ188S), retrieved from FRED.