Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
XTEXVA01G7A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.44
Year-over-Year Change
-108.92%
Date Range
1/1/1971 - 1/1/2016
Summary
This economic trend measures the year-over-year growth rate in total exports of goods and services for the United States, without seasonal adjustments. It provides insights into the overall strength and trajectory of the nation's international trade activity.
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 growth rate in total U.S. exports compared to the same period a year earlier is a key indicator of the country's trade dynamics and global competitiveness. Economists and policymakers monitor this metric to assess the health of the export sector and the broader economy.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of businesses and trade statistics.
Historical Context
This export growth trend is widely used to inform trade policy decisions and analyze the impacts of factors like exchange rates, tariffs, and global demand.
Key Facts
- The U.S. is the world's second-largest exporter of goods and services.
- Exports account for approximately 12% of U.S. GDP.
- China is the largest destination for U.S. exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate in total exports of goods and services for the United States, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This export growth metric provides important insights into the strength and trajectory of the U.S. trade sector, which is a key driver of overall economic performance.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of businesses and official trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export growth trend to inform trade policies, assess the impacts of factors like exchange rates and tariffs, and evaluate the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of approximately two months between the reference period and the publication date.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (XTEXVA01G7A659S), retrieved from FRED.