Percent of GDP, Annual, Not Seasonally Adjusted
BPBLTT01TRA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.85
Year-over-Year Change
-454.92%
Date Range
1/1/1998 - 1/1/2013
Summary
This economic trend measures the value of balance of payments transactions as a percentage of GDP on an annual, non-seasonally adjusted basis. It provides insight into a country's international economic position and trade balance.
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 as a percentage of GDP is a key macroeconomic indicator that reflects a country's international economic transactions, including exports, imports, investment income, and transfers. It is used by policymakers and analysts to assess a nation's overall economic health and trade competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on comprehensive economic accounts.
Historical Context
This trend is closely monitored by the Federal Reserve and policymakers to inform economic and trade policy decisions.
Key Facts
- The U.S. has had a negative balance of payments as a percentage of GDP since the 1970s.
- The balance of payments deficit reached a peak of -5.8% of GDP in 2006.
- The trend has improved since the Great Recession, averaging around -2.5% of GDP in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of a country's balance of payments transactions, including exports, imports, investment income, and transfers, as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The balance of payments as a percentage of GDP is a key indicator of a country's international economic position and trade competitiveness, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on comprehensive economic accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and policymakers to inform economic and trade policy decisions, as it provides insight into a country's international economic position and trade balance.
Q: Are there update delays or limitations?
A: The data is published on an annual basis, with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Percent of GDP, Annual, Not Seasonally Adjusted (BPBLTT01TRA188S), retrieved from FRED.