US Dollars, Sum Over Component Sub-periods, Annual
BPFADI01SEA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,899,830,000.00
Year-over-Year Change
1020.52%
Date Range
1/1/1982 - 1/1/2013
Summary
This economic trend measures the U.S. dollars received from international visitors over the course of a year, providing insights into the country's tourism and trade dynamics.
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' data series tracks the total U.S. dollars spent by international visitors to the United States over each calendar year. This metric is a key indicator of the health and growth of the U.S. tourism industry and its broader impact on the economy.
Methodology
The data is collected through surveys of international travelers departing the United States.
Historical Context
This trend is widely used by policymakers, economists, and industry analysts to monitor the strength of the U.S. tourism sector and its role in the nation's trade balance.
Key Facts
- The U.S. received over $200 billion in tourism-related revenue in 2021.
- International visitors account for roughly 20% of total U.S. travel spending.
- Tourism is a major U.S. export industry, with a positive impact on the trade balance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total U.S. dollars spent by international visitors to the United States over the course of a calendar year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the health and growth of the U.S. tourism industry, which is a major contributor to the country's economy and trade balance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of international travelers departing the United States.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to monitor the strength of the U.S. tourism sector and its role in the nation's trade balance.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the full picture of international visitor spending due to survey limitations.
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Citation
U.S. Federal Reserve, 'US Dollars, Sum Over Component Sub-periods, Annual' (BPFADI01SEA637N), retrieved from FRED.