Annual
BPCATC01EZA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,484,000,000.00
Year-over-Year Change
26.74%
Date Range
1/1/1997 - 1/1/2012
Summary
The Annual trend measures the year-over-year change in the value of the trade balance for the U.S. auto industry. This provides insights into the overall trade performance and competitiveness of the domestic auto sector.
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 Annual trend tracks the annual percent change in the U.S. auto trade balance, which is the difference between auto exports and imports. This metric is used by economists and policymakers to assess the health and global position of the American auto industry.
Methodology
The data is collected by the U.S. Census Bureau through surveys of trade activity.
Historical Context
Policymakers and analysts monitor this trend to understand the broader economic and trade dynamics affecting the U.S. auto industry.
Key Facts
- The U.S. auto trade balance has been negative since the 1980s.
- Imports typically make up around 50% of the U.S. auto market.
- The auto industry accounts for over 3% of total U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the U.S. auto trade balance, which is the difference between auto exports and imports.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the global competitiveness and performance of the U.S. auto industry, which is a key sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of trade activity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand broader economic and trade dynamics affecting the U.S. auto industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Annual (BPCATC01EZA636N), retrieved from FRED.