US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted
BPCRSE01G7Q637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
485,843,710,000.00
Year-over-Year Change
15.78%
Date Range
1/1/1995 - 10/1/2013
Summary
This economic trend measures the total US dollars that US residents receive or pay across various international transactions, reported on a quarterly basis and adjusted for seasonal factors.
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 Current Account represents the net transactions between the US and the rest of the world in goods, services, income, and current transfers. It is a key indicator of the US's economic relationship with global trading partners.
Methodology
The data is collected and calculated by the US Bureau of Economic Analysis based on surveys and other statistical sources.
Historical Context
The Balance of Payments Current Account is widely monitored by policymakers, investors, and analysts to assess the US's trade position and competitiveness.
Key Facts
- The US current account deficit was $251 billion in Q4 2022.
- The current account deficit was 3.7% of GDP in Q4 2022.
- Goods trade accounted for the largest portion of the current account deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total US dollars that US residents receive or pay across various international transactions, including trade in goods and services, income flows, and current transfers.
Q: Why is this trend relevant for users or analysts?
A: The Balance of Payments Current Account is a key indicator of the US's economic relationship with global trading partners and competitiveness. It is closely watched by policymakers, investors, and analysts to assess the country's trade position.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Bureau of Economic Analysis based on surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: The Balance of Payments Current Account is used by policymakers, economists, and market participants to evaluate the US's trade position, international competitiveness, and the flow of capital and income between the US and the rest of the world.
Q: Are there update delays or limitations?
A: The Balance of Payments Current Account data is released quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments Current Account (BPCRSE01G7Q637S), retrieved from FRED.