International Merchandise Trade Statistics: Trade Balance: Commodities for G7
Quarterly, Seasonally Adjusted
G7XTNTVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-496,645,500,000.00
Year-over-Year Change
7.70%
Date Range
1/1/1970 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted economic trend measures the nominal gross value added (GVA) for the U.S. economy. It is a key indicator used by economists and policymakers to assess the overall health and growth of the national economy.
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
Gross value added (GVA) is a measure of the value of goods and services produced in an economy, minus the cost of inputs and raw materials used in the production process. The Quarterly, Seasonally Adjusted GVA trend provides a comprehensive view of economic activity across all sectors.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic census information.
Historical Context
Analysts and policymakers closely monitor GVA trends to gauge the broader economic climate and inform fiscal and monetary policy decisions.
Key Facts
- Quarterly GVA grew by 6.9% in Q4 2022.
- The U.S. economy has seen 12 consecutive quarters of GVA growth.
- GVA accounts for over 85% of U.S. Gross Domestic Product (GDP).
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the nominal gross value added (GVA) for the overall U.S. economy, providing a comprehensive view of economic activity across all sectors.
Q: Why is this trend relevant for users or analysts?
A: GVA is a key indicator used by economists and policymakers to assess the overall health and growth of the national economy, making this trend highly relevant for analyzing macroeconomic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic census information.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor GVA trends to gauge the broader economic climate and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted GVA data is typically released with a lag of about a month after the end of each quarter, and may be subject to revisions as more complete information becomes available.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for G7
G7NAEXKP04GYSAQ
Balance of Payments: Other Investment: Assets (or Net Acquisition of Assets) for G7
G7B6FAOI02CXCUQ
Balance of Payments: Current Account: Revenue for G7
G7B6CRTT01CXCUQ
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for G7
G7LFEM55MASTQ
Balance of Payments: Secondary Income: Balance (Revenue Minus Expenditure) for G7
G7B6BLSI01CXCUQ
Infra-Annual Labor Statistics: Labor Force Female: 15 Years or over for G7
G7LFACTTFEGPSAQ
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (G7XTNTVA01CXMLSAQ), retrieved from FRED.