Annual, Not Seasonally Adjusted
BOPBGSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-476.39
Year-over-Year Change
31.78%
Date Range
1/1/1960 - 1/1/2013
Summary
The Balance on Goods and Services, Not Seasonally Adjusted measures the difference between the value of exported and imported goods and services for the U.S. economy. It is a key indicator of the nation's trade position 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 Balance on Goods and Services, Not Seasonally Adjusted tracks the trade balance, or net exports, of the United States. It represents the difference between the monetary value of exported and imported goods and services. Economists and policymakers closely monitor this measure to assess the country's trade dynamics and global economic standing.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis based on surveys of international trade activity.
Historical Context
Trends in the balance of goods and services are closely watched by markets and used to inform economic and trade policy decisions.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- China is the largest source of the U.S. trade deficit.
- Trade policies can significantly impact the balance of goods and services.
FAQs
Q: What does this economic trend measure?
A: The Balance on Goods and Services, Not Seasonally Adjusted tracks the difference between the value of goods and services exported from and imported into the United States.
Q: Why is this trend relevant for users or analysts?
A: This measure is a key indicator of the nation's trade position and international competitiveness, making it essential for economists, policymakers, and market analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis based on surveys of international trade activity.
Q: How is this trend used in economic policy?
A: Trends in the balance of goods and services are closely watched by markets and used to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks.
Related Trends
Citation
U.S. Federal Reserve, Balance on Goods and Services, Not Seasonally Adjusted (BOPBGSA), retrieved from FRED.