Balance of Payments: Goods: Expenditure for Switzerland
CHEB6DBTD01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,950,860,000.00
Year-over-Year Change
4.07%
Date Range
1/1/1985 - 10/1/2024
Summary
The Balance of Payments: Goods: Expenditure for Switzerland measures the value of goods purchased by Swiss residents from foreign countries. This metric is crucial for understanding Switzerland's international trade position and 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 Balance of Payments: Goods: Expenditure series tracks the value of goods imported by Swiss consumers, businesses, and the government from international sources. It is a key component of Switzerland's overall balance of payments, which summarizes the country's economic transactions with the rest of the world.
Methodology
The data is collected through surveys of importers and customs records.
Historical Context
Economists and policymakers monitor this trend to assess Switzerland's trade balance, competitiveness, and exchange rate dynamics.
Key Facts
- Switzerland is a major importer of goods, with expenditure exceeding $300 billion annually.
- Imports account for over 50% of Switzerland's total economic activity.
- Machinery, chemicals, and vehicles are among Switzerland's largest imported product categories.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Goods: Expenditure for Switzerland measures the value of goods purchased by Swiss residents from foreign countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Switzerland's international trade position, economic integration, and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess Switzerland's trade balance, competitiveness, and exchange rate dynamics.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into Switzerland's import activity.
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Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Switzerland (CHEB6DBTD01CXCUSAQ), retrieved from FRED.