Total Credit to General Government, Adjusted for Breaks, for Finland
Billions of US Dollars
QFIGAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
222.74
Year-over-Year Change
3.38%
Date Range
10/1/1998 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the total value of U.S. goods and services trade in billions of U.S. dollars. It is a key indicator of the overall size and health of the U.S. economy.
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 nominal dollar value of all goods and services exported from and imported to the United States. It is a widely referenced metric that provides insight into the scale and direction of U.S. trade activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international transactions.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the U.S. trade balance and overall economic performance.
Key Facts
- The U.S. trade deficit reached a record high of $947 billion in 2022.
- Goods trade accounts for approximately two-thirds of total U.S. trade activity.
- China is the largest source of U.S. imports and the third-largest destination for U.S. exports.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total nominal dollar value of all goods and services exported from and imported to the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a key indicator of the overall size and health of the U.S. economy, and is closely monitored by policymakers, economists, and market analysts to assess the U.S. trade balance.
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 surveys of international transactions.
Q: How is this trend used in economic policy?
A: The 'Billions of US Dollars' trend is used by policymakers, economists, and market analysts to assess the U.S. trade balance and overall economic performance, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Economic Analysis with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QFIGAMUSDA), retrieved from FRED.