International Trade: Net trade: Value (goods): Total for G7
G7XTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.94
Year-over-Year Change
-13.84%
Date Range
1/1/1995 - 4/1/2017
Summary
The 'International Trade: Net trade: Value (goods): Total for G7' trend measures the overall trade balance of the G7 countries, providing insight into their global 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
This series tracks the net trade in goods for the G7 economies, which includes the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada. It is a key indicator of international trade dynamics and competitiveness among major advanced economies.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
Policymakers and market analysts closely monitor this trend to assess the trade performance and global economic standing of the world's largest developed economies.
Key Facts
- The G7 economies account for over 30% of global GDP.
- The U.S. has run a persistent trade deficit, while Germany and Japan typically post surpluses.
- Net trade is an important component of GDP and a key metric of economic strength.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net trade in goods (exports minus imports) for the Group of Seven (G7) major advanced economies.
Q: Why is this trend relevant for users or analysts?
A: The G7 net trade balance is a critical indicator of global economic competitiveness and trade dynamics among the world's largest developed nations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the trade performance and global economic standing of the G7 economies.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a short lag, providing timely insight into the latest trade dynamics.
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Citation
U.S. Federal Reserve, International Trade: Net trade: Value (goods): Total for G7 (G7XTNTVA01STSAQ), retrieved from FRED.