Annual, Not Seasonally Adjusted
BOPBSVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225.89
Year-over-Year Change
270.31%
Date Range
1/1/1960 - 1/1/2013
Summary
The Balance on Goods and Services (BOPBSflag) measures the difference between the value of U.S. exports and imports of goods and services. It is a key indicator of the U.S. trade balance and overall economic performance.
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 (BOPBSflag) represents the net exports position of the United States, calculated as the difference between the dollar value of U.S. exports and imports of both goods and services. It is an important economic metric used to gauge the international competitiveness of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international trade activity.
Historical Context
Policymakers and analysts closely monitor the trade balance to understand the U.S. economy's engagement with global markets.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- Goods account for the majority of the trade imbalance.
- Trade deficits can impact domestic employment and investment.
FAQs
Q: What does this economic trend measure?
A: The Balance on Goods and Services (BOPBSflag) measures the difference between the value of U.S. exports and imports of both goods and services.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is an important indicator of the U.S. economy's engagement with global markets and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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: Policymakers and analysts closely monitor the trade balance to understand the U.S. economy's performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks.
Related Trends
Citation
U.S. Federal Reserve, Balance on Goods and Services (BOPBSVA), retrieved from FRED.