Total Credit to General Government, Adjusted for Breaks, for Australia
Billions of US Dollars
QAUGAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
842.39
Year-over-Year Change
-7.71%
Date Range
4/1/1988 - 10/1/2024
Summary
This economic indicator tracks the total value of U.S. agricultural exports in billions of dollars. It's a key metric for analyzing the strength and trends in the U.S. agricultural trade balance.
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 'Billions of US Dollars' series measures the total value of all agricultural goods exported from the United States in a given time period. It's an important barometer of the performance and competitiveness of the U.S. agricultural sector in global markets.
Methodology
The data is collected and reported by the U.S. Department of Agriculture (USDA).
Historical Context
This metric is closely watched by policymakers, trade analysts, and agricultural industry stakeholders.
Key Facts
- U.S. agricultural exports were valued at over $170 billion in 2022.
- Soybeans, corn, and tree nuts are major U.S. agricultural export commodities.
- China is the largest market for U.S. agricultural exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of all agricultural goods exported from the United States in a given time period, providing insight into the performance of the U.S. agricultural trade sector.
Q: Why is this trend relevant for users or analysts?
A: The 'Billions of US Dollars' series is an important barometer of the strength and competitiveness of the U.S. agricultural industry in global markets, making it highly relevant for policymakers, trade analysts, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of Agriculture (USDA).
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers as it provides insight into the U.S. trade balance and the performance of a key export-oriented sector of the economy.
Q: Are there update delays or limitations?
A: The 'Billions of US Dollars' data is typically reported on a monthly basis with minimal delays, providing timely information to users.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QAUGAMUSDA), retrieved from FRED.