Balance of Payments: Services: Balance (Revenue Minus Expenditure) for G7
G7B6BLSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152,317,300,000.00
Year-over-Year Change
22.31%
Date Range
1/1/1999 - 10/1/2024
Summary
The Balance of Payments: Services Balance (Revenue Minus Expenditure) for G7 measures the net trade in services between G7 countries. It is a key indicator of a nation's international competitiveness and economic health.
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 Balance of Payments Services Balance represents the net exports of services, including tourism, transportation, and financial services, for the G7 economies. This metric is closely watched by policymakers and analysts to gauge a country's global trade position and ability to earn foreign exchange.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on international trade surveys.
Historical Context
The Services Balance is used to inform economic policy decisions and predict currency movements and international investment flows.
Key Facts
- The G7 includes the U.S., Canada, UK, France, Germany, Italy, and Japan.
- Services trade makes up about 2/3 of global trade.
- A positive Services Balance indicates a country is a net exporter of services.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments Services Balance measures the net trade in services, including tourism, transportation, and financial services, for the G7 economies.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as an indicator of a country's international competitiveness and ability to earn foreign exchange through services exports.
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 surveys.
Q: How is this trend used in economic policy?
A: The Services Balance is used to inform economic policy decisions and predict currency movements and international investment flows.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for revisions to earlier periods.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for G7
G7LFWA55TTSTSAQ
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for G7
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Infra-Annual Labor Statistics: Employment Rate Male: From 25 to 54 Years for G7
G7LREM25MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for G7
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International Trade: Net trade: Value (goods): Total for G7
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Balance of Payments: Primary Income: Revenue for G7
G7B6CRPI01CXCUQ
Citation
U.S. Federal Reserve, Balance of Payments: Services: Balance (Revenue Minus Expenditure) for G7 (G7B6BLSE01CXCUQ), retrieved from FRED.