US Dollars, Sum Over Component Sub-periods, Annual
BPFADI03HUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,092,630,000.00
Year-over-Year Change
-21.43%
Date Range
1/1/1995 - 1/1/2013
Summary
This annual economic trend measures the total US dollar value of goods and services traded globally over the course of a year. It provides insight into the US's participation in international trade and commerce.
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 trend tracks the total value of US dollar-denominated trade and transactions across international markets on an annual basis. It serves as a broad indicator of the US's engagement in the global economy.
Methodology
The data is collected and calculated by the US Federal Reserve using a proprietary methodology.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to understand US trade flows and economic integration.
Key Facts
- The US is the world's largest economy and leading trade partner.
- Trade accounts for over a quarter of US GDP.
- The US runs a persistent trade deficit, exchanging dollars for imported goods and services.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total annual US dollar value of goods, services, and other transactions exchanged between the US and its global trading partners.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and dynamics of US participation in international commerce, which is a key driver of overall economic growth and activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve using proprietary methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to understand US trade flows, global competitiveness, and broader economic integration.
Q: Are there update delays or limitations?
A: The data is released annually with a modest lag, providing a comprehensive year-end view of US international trade activity.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual (BPFADI03HUA637N), retrieved from FRED.