Annual, Not Seasonally Adjusted
BOPGRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-76.85
Year-over-Year Change
63.65%
Date Range
1/1/1960 - 1/1/2013
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the U.S. balance of goods and services. This metric provides insight into the nation's trade performance and is a key indicator for policymakers and analysts.
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 (BOPGRA) series tracks the difference between the value of goods and services exported from the U.S. and the value of goods and services imported. It offers a comprehensive view of the country's international trade position.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using information from customs declarations and surveys.
Historical Context
The balance of trade is a critical factor in assessing the overall health of the U.S. economy and its global economic standing.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- China is the largest source of the U.S. trade deficit.
- The trade deficit reached a record high of $948 billion in 2022.
FAQs
Q: What does this economic trend measure?
A: The Balance of Goods and Services (BOPGRA) measures the difference between the value of goods and services exported from the U.S. and the value of goods and services imported.
Q: Why is this trend relevant for users or analysts?
A: The balance of trade is a key indicator of a country's international economic position and competitiveness. It is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using information from customs declarations and surveys.
Q: How is this trend used in economic policy?
A: The balance of trade data is used by policymakers, central banks, and international organizations to assess a country's economic performance, make informed decisions, and develop trade and monetary policies.
Q: Are there update delays or limitations?
A: The Balance of Goods and Services data is released monthly by the Bureau of Economic Analysis, with a typical delay of around 2-3 months.
Related Trends
Primary Income Receipts: Compensation of employees
IEAXIC
Secondary income (current transfer) receipts
IEAXSIR
Primary income receipts
IEAXI
Primary Income Receipts: Investment income: Portfolio investment income
IEAXIP
Primary Income Receipts: Investment income: Reserve asset income
IEAXIR
Primary Income Receipts: Investment income
IEAXII
Citation
U.S. Federal Reserve, Balance of Goods and Services (BOPGRA), retrieved from FRED.