Total Credit to Households and NPISHs, Adjusted for Breaks, for Canada
Billions of US Dollars
QCAHAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,134.51
Year-over-Year Change
1.35%
Date Range
1/1/1969 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the value of US current account transactions in billions of US dollars. It is a key economic indicator used by policymakers and analysts to assess the US's trade balance and international financial 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
The 'Billions of US Dollars' trend represents the net balance of US dollar-denominated transactions between US residents and the rest of the world. It encompasses trade in goods and services, income flows, and unilateral transfers, providing insight into the US's overall economic relationship with global markets.
Methodology
This data is calculated by the US Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
The current account balance is closely watched by the Federal Reserve and other policymakers to evaluate the sustainability of the US's external position and inform policy decisions.
Key Facts
- The US current account deficit was $234.8 billion in Q4 2022.
- The US has run a current account deficit since the 1970s.
- China is the largest holder of US Treasuries, at over $1 trillion.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the net balance of US dollar-denominated transactions between US residents and the rest of the world, including trade, income, and transfers.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of a country's international economic position and can have important implications for exchange rates, capital flows, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the US Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: The current account balance is closely monitored by the Federal Reserve and other policymakers to evaluate the sustainability of the US's external position and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QCAHAMUSDA), retrieved from FRED.