Percent of GDP, Quarterly, Seasonally Adjusted
BPBLTT01CAQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.53
Year-over-Year Change
-10.92%
Date Range
1/1/1990 - 1/1/2014
Summary
This economic trend measures the percent of GDP attributable to balance of payments of goods and services, reported quarterly and seasonally adjusted.
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 represents the difference between a country's total imports and exports of goods, services, and capital. This metric provides insights into an economy's trade position and international competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This indicator is closely monitored by policymakers, analysts, and market participants to assess the overall health and external position of the U.S. economy.
Key Facts
- The U.S. trade deficit was 3.7% of GDP in Q1 2023.
- Goods accounted for 75% of the total U.S. trade deficit in 2022.
- The U.S. has run a trade deficit since 1975.
FAQs
Q: What does this economic trend measure?
A: This trend measures the balance of payments of goods and services as a percentage of the U.S. gross domestic product (GDP), reported quarterly and seasonally adjusted.
Q: Why is this trend relevant for users or analysts?
A: The balance of payments is a key indicator of a country's international economic position and competitiveness. It is closely watched by policymakers, economists, and market participants to assess the overall health of the U.S. economy.
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: This indicator is used by policymakers, economists, and analysts to evaluate the external position of the U.S. economy and inform decisions related to trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of approximately 2-3 months. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Percent of GDP, Quarterly, Seasonally Adjusted (BPBLTT01CAQ188S), retrieved from FRED.