Federal Government; Consumption Expenditures, Transactions
Annual
FGCEXPA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,405,861.00
Year-over-Year Change
40.63%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in exports of goods and services as a percentage of gross domestic product (GDP) for the United States. It provides insight into the international trade activity and economic performance of the country.
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 Annual trend represents the ratio of exports of goods and services to GDP, expressed as a percentage. It is a key indicator of a country's trade balance and international competitiveness, and is closely watched by economists, policymakers, and market analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
This trend is used to assess the health of the U.S. economy and guide trade and economic policies.
Key Facts
- The Annual trend reached a high of 13.61% in 2013.
- Exports accounted for 11.75% of U.S. GDP in 2021.
- The trend has fluctuated between 9-14% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the ratio of exports of goods and services to gross domestic product (GDP) for the United States, expressed as a percentage.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the international trade activity and economic performance of the United States, and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: The Annual trend is used to assess the health of the U.S. economy and guide trade and economic policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Annual (FGCEXPA027N), retrieved from FRED.