US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPCRTD01INA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225,229,900,000.00
Year-over-Year Change
561.56%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the total US dollar value of cross-border payments and receipts for trade in goods and services on an annual basis. It provides insights into the overall balance of international transactions and the US's economic integration with global markets.
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 US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted metric tracks the aggregated dollar volume of international transactions, including exports, imports, investment flows, and other cross-border payments. This broad measure is used by economists and policymakers to analyze the US's trade position and the relative strength of the dollar in global commerce.
Methodology
The data is collected and compiled by the US Bureau of Economic Analysis from various government and private sources.
Historical Context
This trend is closely monitored by the Federal Reserve, the Treasury Department, and international economic organizations to assess the US's trade balance and the dollar's global role.
Key Facts
- The US has run a trade deficit for over 40 years.
- The dollar is the world's predominant reserve currency.
- Cross-border payments totaled over $6 trillion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total US dollar value of cross-border payments and receipts for trade in goods and services on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This broad measure of international transactions provides insights into the US's trade position and the dollar's role in global commerce, which are closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the US Bureau of Economic Analysis from various government and private sources.
Q: How is this trend used in economic policy?
A: The Federal Reserve, Treasury Department, and international economic organizations use this trend to assess the US's trade balance and the dollar's global role.
Q: Are there update delays or limitations?
A: The data is reported annually with a delay of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPCRTD01INA637S), retrieved from FRED.