Balance on current account
Annual, Not Seasonally Adjusted
IEABCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,185,301.00
Year-over-Year Change
183.44%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the U.S. balance of trade in goods and services. It is a key economic indicator used by policymakers and analysts to understand the country's external 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 Balance of Trade represents the difference between a nation's imports and exports of goods and services. It is an important measure of a country's economic performance and international competitiveness.
Methodology
This data is collected and published by the U.S. Bureau of Economic Analysis.
Historical Context
The balance of trade is closely monitored by the Federal Reserve and other institutions for insights into macroeconomic conditions and trade policy.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- China is the largest source of the U.S. trade deficit.
- Trade deficits can have both positive and negative economic impacts.
FAQs
Q: What does this economic trend measure?
A: The Balance of Trade series measures the difference between the total value of a country's exports and imports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The balance of trade is a key indicator of a country's international economic competitiveness and can have significant implications for policy, trade, and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Bureau of Economic Analysis based on surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the balance of trade to assess the nation's trade position, inform trade negotiations, and develop appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The balance of trade data is published with a lag of approximately one month and may be subject to revisions as more complete information becomes available.
Related Trends
Balance on primary income
IEABCPI
Advance U.S. International Trade in Goods: Balance
AITGCBS
Trade Balance: Goods, Balance of Payments Basis
BOPGTB
Trade Balance: Goods and Services, Balance of Payments Basis
BOPGSTB
Balance on goods and services
IEABCGSA
Trade Balance: Services, Balance of Payments Basis
BOPSTB
Citation
U.S. Bureau of Economic Analysis, Balance of Trade (IEABCA), retrieved from FRED.