Balance of Payments: Services: Expenditure for G20
G20B6DBSE01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,566,931,000,000.00
Year-over-Year Change
24.26%
Date Range
1/1/2006 - 1/1/2025
Summary
The Balance of Payments: Services: Expenditure for G20 measures the total value of services-related expenditures by the United States across the G20 nations. This trend is a key indicator of international trade in services.
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
This economic series tracks U.S. expenditures on a wide range of services exported to G20 countries, including travel, transportation, intellectual property, and business services. It provides insight into the balance of U.S. international trade in services.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other economic entities.
Historical Context
Economists and policymakers monitor this trend to assess the competitiveness of U.S. service industries in global markets.
Key Facts
- The U.S. recorded $864 billion in services exports to the G20 in 2021.
- Travel services account for the largest share of U.S. services exports to the G20.
- China is the largest destination for U.S. services exports within the G20.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Services: Expenditure for G20 measures the total value of services-related expenditures by the United States across the G20 nations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the competitiveness of U.S. service industries in global markets and the overall balance of U.S. international trade in services.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and other economic entities.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the performance of U.S. service industries in global markets and inform trade and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for G20 (G20B6DBSE01CXCUSAQ), retrieved from FRED.