U.S. Imports of Services: Telecommunications, Computer, and Information Services
ITMTCIM133S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,480.00
Year-over-Year Change
9.39%
Date Range
1/1/1999 - 6/1/2025
Summary
This economic trend tracks U.S. imports of telecommunications, computer, and information services, providing insights into the country's international trade in these key digital service sectors.
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 U.S. Imports of Services: Telecommunications, Computer, and Information Services series measures the value of services imported by the United States, including transactions for telecommunications, computer, and information services. This data is used by economists and policymakers to analyze patterns and trends in the digital trade component of the country's service imports.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of U.S. companies and individuals engaged in international transactions.
Historical Context
This economic indicator is relevant for assessing the U.S. trade balance, competitiveness in the digital services sector, and the integration of the American economy with global information and technology networks.
Key Facts
- The U.S. is a net importer of telecommunications, computer, and information services.
- Imports of these services have grown steadily over the past two decades.
- The digital services trade deficit is a key component of the overall U.S. trade deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of telecommunications, computer, and information services imported by the United States, providing insights into digital trade flows.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the U.S. trade balance, the competitiveness of American firms in the digital services sector, and the integration of the U.S. economy with global information and technology networks.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of U.S. companies and individuals engaged in international transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the U.S. trade position, the competitiveness of the digital services sector, and the integration of the American economy with global information and technology networks.
Q: Are there update delays or limitations?
A: There may be delays in the publication of this data due to the time required for data collection and processing by the U.S. Bureau of Economic Analysis.
Related Trends
Primary income payments: Investment income: Direct investment income
IEAMIDN
Imports of Services: Government goods and services n.i.e.
IEAMSG
Imports of Services
IEAMS
Imports of Goods: General Merchandise: Industrial supplies and materials
IEAMGI
Secondary income (current transfer) payments
IEAMSIR
U.S. Imports of Services: Financial Services
ITMFISM133S
Citation
U.S. Federal Reserve, U.S. Imports of Services: Telecommunications, Computer, and Information Services (ITMTCIM133S), retrieved from FRED.