Quarterly, Not Seasonally Adjusted
BOPBSVN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.73
Year-over-Year Change
18.84%
Date Range
1/1/1960 - 1/1/2014
Summary
The Quarterly, Not Seasonally Adjusted series measures the balance of trade in services for the United States. This key economic indicator provides insights into the nation's international competitiveness and trade flows.
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 of Trade in Services (BOPBSVN) represents the difference between the value of services exported and imported by the United States in a given quarter. It is a crucial metric for evaluating the strength of the U.S. services sector and its role in the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys of businesses and trade organizations.
Historical Context
Economists and policymakers monitor this trend to assess the overall health of the U.S. economy and guide trade, fiscal, and monetary policies.
Key Facts
- The U.S. has maintained a consistent services trade surplus since the 1970s.
- The services sector accounts for over 75% of U.S. GDP.
- Travel, transportation, and intellectual property royalties are major service exports.
FAQs
Q: What does this economic trend measure?
A: The Balance of Trade in Services (BOPBSVN) measures the difference between the value of services exported and imported by the United States in a given quarter.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the international competitiveness of the U.S. services sector and the overall trade balance, which are key factors in evaluating the health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys of businesses and trade organizations.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the Balance of Trade in Services to assess the overall health of the U.S. economy and guide trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of 2-3 months from the end of the reference period.
Related Trends
Citation
U.S. Federal Reserve, Balance of Trade in Services (BOPBSVN), retrieved from FRED.