Quarterly, Not Seasonally Adjusted
BPDBIN01LUQ636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,687,000,000.00
Year-over-Year Change
52.87%
Date Range
1/1/1995 - 1/1/2014
Summary
This economic series measures the U.S. balance on goods and services on a quarterly, not seasonally adjusted basis. It is a key indicator of the nation's trade performance and international economic position.
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 on goods and services represents the difference between the monetary value of exports and imports of all goods and services. It is a fundamental measure of a country's trade flows and a component of gross domestic product (GDP).
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and analysts closely monitor this data to assess the U.S. trade position and its implications for the broader economy.
Key Facts
- The U.S. has run a trade deficit in goods and services since 1976.
- China is the largest source of the U.S. trade deficit in goods.
- The trade deficit reached a record high of $1.9 trillion in 2022.
FAQs
Q: What does this economic trend measure?
A: This series measures the difference between the monetary value of U.S. exports and imports of all goods and services on a quarterly, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The balance on goods and services is a fundamental indicator of a country's trade position and international competitiveness, with implications for economic growth, employment, and policymaking.
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 and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this data to assess the U.S. trade position and its implications for the broader economy, informing decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Balance on Goods and Services, Not Seasonally Adjusted (BPDBIN01LUQ636N), retrieved from FRED.