Federal Government; Net Saving Less Net Capital Transfers Paid and Including Insurance and Pension Fund Reserves Adjustment and Contributions for Government Social Insurance for U.S. Affiliated Areas (IMA), Transactions
Annual
FGNSCTA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,993,818.00
Year-over-Year Change
71.35%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trade deficit measures the difference between the value of goods and services exported from the United States and the value of goods and services imported into the United States over the course of a year.
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 annual trade deficit is a key indicator of the United States' participation in international trade and the relative strength of the US economy compared to its trading partners. It is closely watched by policymakers and analysts to assess the health of the US economy and guide trade and economic policies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international trade activity.
Historical Context
The annual trade deficit is an important input for assessing the overall US economic outlook and informing trade negotiations and policies.
Key Facts
- The US annual trade deficit was $1.2 trillion in 2022.
- Exports accounted for 12% of US GDP in 2022.
- China is the largest source of the US trade deficit.
FAQs
Q: What does this economic trend measure?
A: The annual trade deficit measures the difference between the value of goods and services exported from the United States and the value of goods and services imported into the United States over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: The annual trade deficit is a key indicator of the United States' participation in international trade and the relative strength of the US economy compared to its trading partners. It is closely watched by policymakers and analysts to assess the health of the US economy and guide trade and economic policies.
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 international trade activity.
Q: How is this trend used in economic policy?
A: The annual trade deficit is an important input for assessing the overall US economic outlook and informing trade negotiations and policies.
Q: Are there update delays or limitations?
A: The annual trade deficit data is published with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual Trade Deficit (FGNSCTA027N), retrieved from FRED.