Quarterly, Seasonally Adjusted
XTWEGS01NOQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,971,290,000,000.00
Year-over-Year Change
11.36%
Date Range
4/1/1968 - 4/1/2014
Summary
This quarterly, seasonally adjusted economic trend measures global trade of goods and services as a percentage of U.S. gross domestic product. It provides insight into the scale and integration of the U.S. economy within international markets.
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 Quarterly, Seasonally Adjusted trade-to-GDP ratio tracks the value of U.S. imports and exports of goods and services as a proportion of the country's total economic output. This metric is used by economists and policymakers to gauge the degree of globalization and interdependence within the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this ratio are closely monitored by the Federal Reserve and other institutions to assess the impacts of trade policy and macroeconomic conditions.
Key Facts
- The trade-to-GDP ratio reached a peak of 30.3% in Q4 2021.
- The ratio declined during the COVID-19 pandemic, falling to 23.6% in Q2 2020.
- Goods trade accounts for a larger share of the ratio compared to services trade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of U.S. imports and exports of goods and services as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: The trade-to-GDP ratio provides insight into the degree of globalization and integration of the U.S. economy, which is a key consideration for policymakers and market 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: Trends in this ratio are closely monitored by the Federal Reserve and other institutions to assess the impacts of trade policy and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (XTWEGS01NOQ667S), retrieved from FRED.