Real External Balance of Goods and Services for Russia
Annual
NNXGSRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5,828,143.40
Year-over-Year Change
51.95%
Date Range
1/1/2011 - 1/1/2013
Summary
The Annual Nominal Net Goods and Services Receipts of the United States measures the country's annual net trade balance, providing insight into the nation's international 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 economic indicator tracks the difference between the total value of U.S. goods and services exported and imported over a 12-month period. It is a key metric for understanding the U.S. trade deficit or surplus and its impact on the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on official trade statistics.
Historical Context
Policymakers and analysts use this metric to assess the U.S. international trade position and its implications for economic growth, employment, and financial markets.
Key Facts
- The U.S. has run a trade deficit every year since 1976.
- In 2021, the U.S. annual trade deficit reached a record $859 billion.
- China is the largest source of the U.S. trade deficit.
FAQs
Q: What does this economic trend measure?
A: The Annual Nominal Net Goods and Services Receipts measures the difference between the total value of U.S. exports and imports over a 12-month period, providing insight into the country's trade balance.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the U.S. international economic position, with implications for economic growth, employment, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on official trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the U.S. trade deficit or surplus and its impact on the broader economy, informing decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Nominal Net Goods and Services Receipts (NNXGSRXDCRUA), retrieved from FRED.