Annual
BPCFTT01RUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-88,844,080,000.00
Year-over-Year Change
450.64%
Date Range
1/1/1994 - 1/1/2011
Summary
The 'Annual' economic trend measures the total annual balance of payments current account for the United States. This metric is a key indicator of the country's trade and financial position within the global 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 balance of payments current account tracks the net flow of goods, services, and income between the U.S. and other countries. It is a comprehensive measure of a nation's international economic transactions and helps economists assess a country's trade competitiveness and financial solvency.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of cross-border economic activity.
Historical Context
The current account balance is closely monitored by policymakers, investors, and analysts for insights into exchange rate dynamics, trade policy, and overall economic performance.
Key Facts
- The U.S. current account deficit was $218 billion in 2021.
- Exports accounted for 12% of U.S. GDP in 2021.
- Services trade surplus offset 59% of the goods trade deficit in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the total annual balance of payments current account for the United States, which tracks the net flow of goods, services, and income between the U.S. and other countries.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of a country's trade competitiveness and financial position within the global economy, making it closely monitored by policymakers, investors, 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 based on surveys of cross-border economic activity.
Q: How is this trend used in economic policy?
A: The current account balance provides insights into exchange rate dynamics, trade policy, and overall economic performance, making it an important metric for policymakers, analysts, and investors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Russia
LRUN74TTRUM156N
Value of Exports to Russia from Hawaii
HIRUSA052SCEN
Value of Exports to Russia from Iowa
IARUSA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Russia
RUSCPGRSE01GYM
Consumer Price Index: Transport (COICOP 07): Total for Russia
RUSCP070000GPM
Bank Non-Performing Loans to Gross Loans for Russian Federation
DDSI02RUA156NWDB
Citation
U.S. Federal Reserve, Balance of Payments: Current Account (BPCFTT01RUA637N), retrieved from FRED.