Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Czech Republic
Billions of US Dollars
QCZPAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
279.88
Year-over-Year Change
9.30%
Date Range
1/1/1993 - 10/1/2024
Summary
The 'Billions of US Dollars' series tracks the total value of merchandise trade, including both exports and imports, between the United States and its trading partners. This metric is closely monitored by economists and policymakers to assess the strength of the US economy and its international trade 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' series represents the total dollar value of all goods traded between the US and other countries on a monthly basis. It provides insight into the overall trade balance and the flow of products and commodities across US borders, which are key indicators of economic performance and global competitiveness.
Methodology
The data is collected and calculated by the US Census Bureau through surveys of US businesses engaged in international trade.
Historical Context
This metric is widely used by the Federal Reserve, the Department of Commerce, and other government agencies to inform economic and trade policy decisions.
Key Facts
- The US recorded a trade deficit of $67.4 billion in January 2023.
- China is the largest trading partner, accounting for over $600 billion in annual trade.
- Service exports make up about one-third of total US merchandise trade.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' series tracks the total value of merchandise trade, including both exports and imports, between the United States and its trading partners.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall trade balance and the flow of products and commodities across US borders, which are key indicators of economic performance and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Census Bureau through surveys of US businesses engaged in international trade.
Q: How is this trend used in economic policy?
A: This metric is widely used by the Federal Reserve, the Department of Commerce, and other government agencies to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short lag time between the reference period and publication.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QCZPAMUSDA), retrieved from FRED.