Nominal Imports of Goods for Saudi Arabia
Annual
NMGXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
576,342.70
Year-over-Year Change
60.86%
Date Range
1/1/2005 - 1/1/2021
Summary
The Annual trend measures the total value of non-manufacturing gross domestic product in the United States. It is a key indicator of the overall health and performance of the service-oriented sectors of the U.S. 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
The Annual trend represents the total inflation-adjusted value of non-manufacturing economic output, including industries such as finance, healthcare, retail, and information services. This metric provides a broad assessment of the non-goods-producing portion of GDP, which is crucial for understanding the composition and trajectory of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of surveys and economic indicators.
Historical Context
Policymakers and analysts closely monitor the Annual trend to gauge the broader economic landscape beyond just manufacturing and goods production.
Key Facts
- The non-manufacturing sectors account for over 80% of U.S. GDP.
- The Annual trend reached a record high of $13.7 trillion in 2021.
- Services industries make up the largest portion of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total inflation-adjusted value of non-manufacturing economic output in the United States, including industries like finance, healthcare, and retail.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides a broad assessment of the service-oriented sectors of the U.S. economy, which are crucial for understanding the overall economic landscape beyond just manufacturing and goods production.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Annual trend to gauge the broader economic landscape and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Annual trend data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of approximately two months.
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Citation
U.S. Federal Reserve, Annual (NMGXDCSAA), retrieved from FRED.