Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted
XTEXVA01O1A659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.09
Year-over-Year Change
-105.98%
Date Range
1/1/2000 - 1/1/2016
Summary
This annual economic indicator measures the growth rate of exports from the United States compared to the same period in the previous year. It provides insights into the country's trade performance and international 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 Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted series tracks the year-over-year change in the value of U.S. exports. This metric is widely used by economists, policymakers, and analysts to assess the health of the U.S. export sector and the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of export transactions.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform trade, monetary, and fiscal policies.
Key Facts
- The U.S. exported over $2.5 trillion in goods and services in 2022.
- Exports account for approximately 12% of U.S. GDP.
- China is the largest destination for U.S. exports, receiving over $150 billion in 2022.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of total U.S. exports, providing insights into the country's trade performance and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The export growth rate is a key metric for evaluating the health of the U.S. economy, as exports are a major component of GDP. It helps inform trade, monetary, and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of export transactions.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other government agencies closely monitor this trend to help guide trade, monetary, and fiscal policies that support U.S. economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is reported monthly with a lag of approximately 2 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual, Not Seasonally Adjusted (XTEXVA01O1A659S), retrieved from FRED.