Total Credit to Non-Financial Sector, Adjusted for Breaks, for Russia
Billions of US Dollars
QRUCAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,436.71
Year-over-Year Change
16.23%
Date Range
10/1/1997 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of U.S. current account transactions, which is a key indicator of a country's international economic position 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
The current account balance records the net flow of goods, services, income, and unilateral transfers between the U.S. and other countries. This metric provides important insights into trade flows, international investment, and the overall U.S. position in the global economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The current account balance is closely monitored by policymakers, investors, and analysts to assess the U.S. economic outlook and international competitiveness.
Key Facts
- The U.S. has run a current account deficit since the 1970s.
- The current account deficit reached a peak of 6.3% of GDP in 2005.
- China is the largest holder of U.S. Treasury securities, a major component of the current account.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total value of U.S. current account transactions, including trade in goods and services, income flows, and unilateral 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 competitiveness, providing important insights for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The current account balance is closely monitored by policymakers to assess the U.S. economic outlook and international competitiveness, informing decisions on trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The current account data is published quarterly by the Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QRUCAMUSDA), retrieved from FRED.