Quarterly, Not Seasonally Adjusted
BOPGGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.11
Year-over-Year Change
0.98%
Date Range
1/1/1960 - 1/1/2014
Summary
The Quarterly, Not Seasonally Adjusted series measures the U.S. balance of goods and services, which is a key economic indicator for trade and international transactions.
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
This series represents the difference between the value of goods and services exported from the U.S. and the value of goods and services imported into the U.S. It is an important measure of the nation's international economic position.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this data to assess the health of the U.S. economy and guide trade and economic policies.
Key Facts
- The U.S. trade deficit was $82.9 billion in Q4 2022.
- Exports of goods and services increased 18.5% in Q4 2022.
- Imports of goods and services increased 7.3% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted series measures the difference between the value of goods and services exported from the U.S. and the value of goods and services imported into the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trade balance measure is a key indicator of the U.S. economy's international position and competitiveness. It is closely watched by policymakers, investors, and economists to assess the health of the economy and guide trade and economic policies.
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: Policymakers and analysts use this trade balance data to assess the U.S. economy's international competitiveness and guide decisions on trade policies, exchange rates, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of approximately 3 months after the end of each quarter.
Related Trends
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Secondary income receipts: Adjustment for U.S. territories and Puerto Rico
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Primary income receipts
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Secondary income receipts: Statistical differences, ITA vs. NIPA
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Citation
U.S. Federal Reserve, Balance of Goods and Services, Not Seasonally Adjusted (BOPGGN), retrieved from FRED.