Nominal External Balance of Goods and Services for Estonia
Annual, Not Seasonally Adjusted
NNXGSXDCESA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,130.00
Year-over-Year Change
221.52%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total value of goods and services exports from the United States on an annual basis. This metric is closely watched by economists and policymakers to gauge the country's international trade performance.
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 series represents the total value of exports of goods and services from the United States in a given year, without adjustment for seasonal variations. It provides insight into the overall trade balance and competitiveness of U.S. exports in global markets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This annual export data is used to inform trade and economic policies, as well as to analyze market trends.
Key Facts
- The U.S. exported over $2.5 trillion in goods and services in 2022.
- Exports account for approximately 12% of U.S. GDP.
- China is the largest destination for U.S. exports.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total value of goods and services exported from the United States in a given year, without adjustment for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall trade balance and competitiveness of U.S. exports, which is crucial for informing trade and economic policies as well as analyzing market trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: This annual export data is used to inform trade and economic policies, as well as to analyze market trends.
Q: Are there update delays or limitations?
A: The annual export data is typically published with a few months' delay, and may not capture the full scope of service exports.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NNXGSXDCESA), retrieved from FRED.