Nominal External Balance of Goods and Services for Russia
Quarterly
NNXGSNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,167,621.60
Year-over-Year Change
-52.40%
Date Range
1/1/2006 - 10/1/2024
Summary
The Quarterly Gross National Savings rate measures the total savings of the U.S. economy as a percentage of gross national income. It is a key indicator of national investment and economic stability.
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 Quarterly Gross National Savings rate represents the total value of savings by households, businesses, and the government sector, expressed as a percentage of gross national income. It is a vital metric for assessing the overall savings and investment dynamics of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
The savings rate is closely monitored by policymakers, analysts, and investors to gauge the economy's long-term growth potential and financial resilience.
Key Facts
- The U.S. savings rate averaged 18.5% in 2022.
- Savings support future investment and economic growth.
- Low savings can indicate financial vulnerability.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross National Savings rate measures the total savings of households, businesses, and government as a percentage of gross national income.
Q: Why is this trend relevant for users or analysts?
A: The savings rate is a crucial indicator of a nation's financial health and capacity for investment and future growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the savings rate to gauge the economy's long-term growth potential and financial resilience.
Q: Are there update delays or limitations?
A: The Quarterly Gross National Savings data is published on a regular schedule by the Bureau of Economic Analysis with minimal delays.
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Citation
U.S. Federal Reserve, Quarterly Gross National Savings (NNXGSNSAXDCRUQ), retrieved from FRED.