US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPDBSE01RUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89,972,000,000.00
Year-over-Year Change
573.90%
Date Range
1/1/1994 - 1/1/2011
Summary
This economic trend measures the total U.S. dollar value of international transactions over the course of a year. It is a key indicator for evaluating the U.S. balance of payments 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 U.S. Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted metric represents the aggregate dollar value of all cross-border transactions between U.S. residents and non-U.S. residents during a given year. It is a top-level indicator used to assess the overall health and stability of the U.S. external sector.
Methodology
The data is collected and reported annually by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to gauge the U.S. international economic position and trade flows.
Key Facts
- The U.S. recorded a $-1.032 trillion balance of payments deficit in 2021.
- This metric reached an all-time high of $-764.53 billion in 2006.
- The U.S. has run a negative balance of payments every year since 1982.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total U.S. dollar value of all international transactions, including trade in goods and services, investment income, and unilateral transfers, that take place between U.S. residents and non-U.S. residents over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: The balance of payments is a critical indicator of a country's international economic position and trade flows. Monitoring this trend helps economists, policymakers, and market participants assess the overall health and stability of the U.S. external sector.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Bureau of Economic Analysis based on surveys of international transactions.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the balance of payments to gauge the U.S. international economic position and inform decisions on trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: This annual data series is released with a lag of several months after the end of the reference year. There may also be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPDBSE01RUA637N), retrieved from FRED.