Quarterly, Not Seasonally Adjusted
BOPGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-31.72
Year-over-Year Change
-10.14%
Date Range
1/1/1960 - 1/1/2014
Summary
The Quarterly, Not Seasonally Adjusted series tracks the U.S. balance of goods and services, a key indicator of the nation's economic health and international trade 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 of goods and services represents the difference between the value of U.S. exports and imports. This metric is widely used by economists and policymakers to assess the strength of the U.S. economy and the country's competitive position in global markets.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of international trade flows.
Historical Context
The balance of goods and services is an important input for assessing monetary and fiscal 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 deficits can be influenced by exchange rates, consumer demand, and production costs.
FAQs
Q: What does this economic trend measure?
A: The balance of goods and services measures the difference between the value of U.S. exports and imports, providing an indicator of the nation's trade position.
Q: Why is this trend relevant for users or analysts?
A: The balance of goods and services is a key metric used by economists and policymakers to assess the strength of the U.S. economy and the country's competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of international trade flows.
Q: How is this trend used in economic policy?
A: The balance of goods and services is an important input for assessing monetary and fiscal policy decisions, as it reflects the nation's trade position and economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of several weeks, and may be subject to revisions as additional information becomes available.
Related Trends
Citation
U.S. Federal Reserve, Balance of Goods and Services, Not Seasonally Adjusted (BOPGN), retrieved from FRED.