Quarterly, Seasonally Adjusted
BPCRTD01ILQ637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,507,000,000.00
Year-over-Year Change
-1.20%
Date Range
1/1/1995 - 10/1/2014
Summary
This economic trend measures the quarterly, seasonally adjusted balance on current account as a percentage of gross domestic product (GDP) for Illinois. It is a key indicator of a state's international economic position and trade activity.
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 current account balance is the sum of the balance of trade, net factor income, and net current transfers. Tracking this metric helps economists and policymakers assess a state's economic performance, external competitiveness, and financial obligations to the rest of the world.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
The current account balance is closely monitored by economists, investors, and policymakers to gauge a state's macroeconomic health and global economic integration.
Key Facts
- Illinois' current account balance was -0.9% of GDP in Q4 2022.
- The U.S. national current account deficit was 3.7% of GDP in Q4 2022.
- Current account deficits can signal a state's reliance on foreign capital inflows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted balance on current account as a percentage of gross domestic product (GDP) for the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of a state's international economic position and trade activity, helping economists and policymakers assess its macroeconomic health and global economic integration.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: The current account balance is closely monitored by economists, investors, and policymakers to gauge a state's macroeconomic health and global economic integration.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, so there may be a delay in the most recent information being available.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Female: From 15 to 64 Years for Israel
LFWA64FEILA647N
Boone Indicator in Banking Market for Israel
DDOI05ILA156NWDB
Provisions to Non-Performing Loans for Israel
DDSI07ILA156NWDB
Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Israel
LFEM74TTILM647N
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Israel
MANMM101ILM189S
Sales: Retail Trade: Car Registration: Passenger Cars for Israel
ISRSACRQISMEI
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (BPCRTD01ILQ637S), retrieved from FRED.