Annual, Not Seasonally Adjusted
BOPOGA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.97
Year-over-Year Change
-711.55%
Date Range
1/1/1960 - 1/1/2013
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the U.S. balance of payments on goods account, providing insight into the country's international trade dynamics.
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 payments on goods account represents the difference between the total value of goods exported from the U.S. and the total value of goods imported into the U.S. over a given time period. This metric is a key indicator of the nation's trade position and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and analysts monitor this trend to assess the U.S. trade balance and make informed decisions about trade policies and international economic strategies.
Key Facts
- The U.S. has run a persistent trade deficit on goods since the 1970s.
- China is the largest source of the U.S. trade deficit on goods.
- The services trade surplus partially offsets the goods trade deficit.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the difference between the total value of goods exported from the U.S. and the total value of goods imported into the U.S.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the U.S. trade position and competitiveness, which is a key factor in economic policymaking and international economic strategies.
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 and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the U.S. trade balance and make informed decisions about trade policies and international economic strategies.
Q: Are there update delays or limitations?
A: The data is released annually with a delay, and may not capture all cross-border transactions.
Related Trends
US Acquisition of Portfolio Investment Assets: Debt securities
IEAAPID
US Incurrence of Portfolio Investment Liabilities: Equity and investment fund shares
IEAIPIE
US Incurrence of Direct Investment Liabilities
IEAIDI
US Incurrence of Other Investment Liabilities: Trade credit and advances
IEAIOIT
Net U.S. incurrence of liabilities excluding financial derivatives (net increase in liabilities / financial inflow (+))
IEAI
Net U.S. acquisition of financial assets excluding financial derivatives (net increase in assets / financial outflow (+))
IEAA
Citation
U.S. Federal Reserve, Balance of Payments on Goods Account (BOPOGA), retrieved from FRED.