Quarterly, Seasonally Adjusted
BPDBTD01G7Q637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,695,503,240,000.00
Year-over-Year Change
10.54%
Date Range
1/1/1995 - 10/1/2013
Summary
This economic trend measures the U.S. balance on goods, services, and income (BPSGI), a key indicator of the nation's trade position and international economic integration.
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 BPSGI is a comprehensive metric of the U.S. trade balance, accounting for both goods and services transactions as well as income flows like profits and interest payments. It provides crucial insights into the country's external economic performance and imbalances.
Methodology
The BPSGI data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of international trade, services, and financial flows.
Historical Context
Policymakers, economists, and market analysts closely monitor the BPSGI to assess the broader macroeconomic health and competitiveness of the U.S. economy.
Key Facts
- The BPSGI reached a deficit of $234.8 billion in Q4 2022.
- The U.S. has maintained a persistent trade deficit since the 1970s.
- Services trade has partially offset the larger deficit in goods trade.
FAQs
Q: What does this economic trend measure?
A: The BPSGI measures the overall balance of U.S. trade in goods, services, and income with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The BPSGI provides a comprehensive view of the U.S. external economic position, which is crucial for assessing the country's competitiveness, macroeconomic health, and international economic integration.
Q: How is this data collected or calculated?
A: The BPSGI data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international trade, services, and financial flows.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor the BPSGI to evaluate the broader macroeconomic performance and competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The BPSGI data is released quarterly by the BEA, with a typical lag of 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Balance on Goods, Services, and Income (BPDBTD01G7Q637S), retrieved from FRED.