Quarterly
BPCATD01DKQ636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
577,000,000.00
Year-over-Year Change
4.72%
Date Range
1/1/1997 - 4/1/2014
Summary
The Quarterly trend measures the value of imports and exports of travel services on a quarterly basis. This data is crucial for understanding the role of international tourism and business travel in the U.S. economy.
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 Quarterly trend tracks the total value of travel services imports and exports, including passenger fares, travel-related goods and services, and other travel-related transactions. This provides insight into the flow of tourism and business activity between the U.S. and other countries.
Methodology
The data is collected through surveys of U.S. travelers and foreign visitors.
Historical Context
Policymakers and economists use this data to assess the impact of travel on the U.S. trade balance and overall economic performance.
Key Facts
- Travel services accounted for over 30% of total U.S. services exports in 2022.
- The U.S. has run a persistent travel services trade deficit since the 1990s.
- Travel services exports grew over 50% from 2009 to 2019 before the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the value of imports and exports of travel services, including passenger fares, tourism, and business travel, on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the role of international tourism and business travel in the U.S. economy and assessing their impact on the overall trade balance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. travelers and foreign visitors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the impact of travel on the U.S. trade balance and overall economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately 3 months from the end of the reference period.
Related Trends
Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Denmark
PIEATI02DKQ661N
Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Denmark
DNKPREND401IXNBM
Consumer Price Index: Health (COICOP 06): Total for Denmark
DNKCP060000GPM
Business Tendency Surveys: Employment: Economic Activity: Construction: Future Tendency for Denmark
BCEMFT02DKM460S
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Denmark
LFEM55TTDKQ647N
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Denmark
IR3TIB01DKM156N
Citation
U.S. Federal Reserve, Quarterly (BPCATD01DKQ636N), retrieved from FRED.