Total Credit to Non-Financial Sector, Adjusted for Breaks, for Ireland
Billions of US Dollars
QIECAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,042.67
Year-over-Year Change
-13.54%
Date Range
10/1/1998 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total dollar value of imports and exports of goods and services for the United States. It is a key economic indicator that provides insights into the country's international trade and competitiveness.
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 sum of U.S. imports and exports of goods and services, expressed in billions of U.S. dollars. It is widely used by economists, policymakers, and market analysts to gauge the overall trade balance and assess the nation's participation in global commerce.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
The 'Billions of US Dollars' trend is closely monitored by the Federal Reserve and other government agencies to inform economic and trade policies.
Key Facts
- The U.S. typically runs a trade deficit, with imports exceeding exports.
- Trade in goods accounts for the majority of the overall trade balance.
- Fluctuations in the 'Billions of US Dollars' trend can impact exchange rates and policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total value of imports and exports of goods and services for the United States, expressed in billions of U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the U.S. trade balance and competitiveness in global markets, which is crucial for economic policymaking and analysis.
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 and administrative records.
Q: How is this trend used in economic policy?
A: The 'Billions of US Dollars' trend is closely monitored by the Federal Reserve and other government agencies to inform trade and economic policies.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis, with occasional delays or revisions due to the comprehensive nature of the underlying surveys and records.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QIECAMUSDA), retrieved from FRED.