Quarterly, Not Seasonally Adjusted
BOPOGCN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.26
Year-over-Year Change
-3.37%
Date Range
1/1/1960 - 1/1/2014
Summary
The Quarterly, Not Seasonally Adjusted series measures the U.S. balance of goods and services, providing insights into the nation's trade dynamics and economic 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
This economic indicator tracks the difference between the total value of goods and services exported from the U.S. and the total value of goods and services imported, offering a snapshot of the country's trade balance. It is a key metric used by economists and policymakers to assess economic health and inform trade policies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and government agencies.
Historical Context
The trade balance is closely monitored by financial markets and policymakers as it can influence exchange rates, inflation, and overall economic growth.
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 balance is influenced by exchange rates, consumer demand, and production costs.
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: The trade balance is a crucial indicator of a country's economic health and competitiveness, influencing exchange rates, inflation, and overall economic growth. It is closely monitored by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The trade balance is used by policymakers to inform trade policies, exchange rate management, and broader economic strategies aimed at promoting economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The Quarterly, Not Seasonally Adjusted data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
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US Acquisition of Reserve Assets: Monetary gold
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US Acquisition of Debt Securities: Long term
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US Incurrence of Debt Securities: Long term
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US Acquisition of Portfolio Investment Assets: Equity and investment fund shares
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Citation
U.S. Federal Reserve, Balance of Goods and Services, Not Seasonally Adjusted (BOPOGCN), retrieved from FRED.