US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPDBTD01LUA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,596,050,000.00
Year-over-Year Change
122.23%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the total annual value of U.S. dollars spent on goods and services abroad, providing insights into the nation's international trade and financial position.
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 U.S. Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted series tracks the total dollar value of U.S. exports and imports over the course of a calendar year. This metric is widely used by economists and policymakers to analyze the country's trade balance and broader economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on international trade and payment records.
Historical Context
This trend is a key indicator of the United States' participation in global markets and the overall strength of the U.S. dollar.
Key Facts
- The U.S. trade deficit reached a record high of $948.1 billion in 2022.
- Exports of goods and services totaled $2.57 trillion in 2022.
- Imports of goods and services reached $3.52 trillion in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual value of U.S. dollars spent on the export and import of goods and services, providing insights into the country's international trade and financial position.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze the U.S. trade balance and broader economic performance, as it reflects the nation's participation in global markets and the overall strength of the U.S. dollar.
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 international trade and payment records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and market participants to assess the U.S. economy's trade and financial standing, which can inform decisions on trade policy, monetary policy, and broader economic strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks after the end of the reporting period. The annual values may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPDBTD01LUA637S), retrieved from FRED.