US Incurrence of Other Investment Liabilities: Trade credit and advances
Annual, Not Seasonally Adjusted
IEAIOITA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,006.00
Year-over-Year Change
273.43%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures imports of oil and gas well machinery and equipment. This metric provides insight into investment activity in the energy sector, which is an important driver of economic growth.
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 data series tracks the value of imported oil and gas extraction equipment and machinery. It is a key indicator of investment and activity levels in the domestic energy industry, which has broad implications for the broader economy.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this series to assess trends in energy industry investment and project future economic activity.
Key Facts
- Imports of oil and gas equipment peaked in 2014 at over $13 billion.
- Imports dropped sharply in 2015-2016 due to the oil price decline.
- The series has shown a gradual recovery since 2017 as energy investment has rebounded.
FAQs
Q: What does this economic trend measure?
A: This series tracks the value of imported machinery and equipment used for oil and gas extraction and production.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into investment activity and capital expenditures in the energy industry, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess trends in energy sector investment and project future economic activity.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month lag.
Related Trends
US Acquisition of Reserve Assets: Reserve position in the International Monetary Fund
IEAARIMF
US Incurrence of Portfolio Investment Liabilities
IEAIPI
US Incurrence of Debt Securities: Short term
IEAIDSS
Net U.S. acquisition of financial assets excluding financial derivatives (net increase in assets / financial outflow (+))
IEAA
Financial derivatives other than reserves, net transactions
IEAFD
US Acquisition of Portfolio Investment Assets
IEAAPI
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IEAIOITA), retrieved from FRED.