Balance on goods and services
Quarterly, Seasonally Adjusted
IEABCGS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-390,601.00
Year-over-Year Change
45.92%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures changes in the real gross output of the U.S. economy on a quarterly basis, adjusted for seasonal fluctuations. It provides a comprehensive overview of economic production.
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 Quarterly, Seasonally Adjusted series is a key economic indicator published by the U.S. Bureau of Economic Analysis. It tracks the total value of goods and services produced by all industries in the United States, offering insights into the overall health and trajectory of the economy.
Methodology
The data is collected through surveys of businesses and calculated using the income, expenditure, and value-added approaches.
Historical Context
Economists and policymakers monitor this trend to assess macroeconomic conditions and inform decisions related to fiscal and monetary policy.
Key Facts
- The U.S. economy grew by 2.9% in the fourth quarter of 2022.
- Real gross output has increased for 12 consecutive quarters.
- Manufacturing and services are the largest contributors to economic output.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of goods and services produced by all industries in the United States on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a comprehensive overview of the health and performance of the U.S. economy, offering insights that are crucial for economic analysis, policy decisions, and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated using the income, expenditure, and value-added approaches.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess macroeconomic conditions and inform decisions related to fiscal and monetary policy, such as adjusting interest rates or government spending.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is published by the U.S. Bureau of Economic Analysis with a lag of approximately one month after the end of each quarter, and may be subject to revisions as more data becomes available.
Related Trends
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (IEABCGS), retrieved from FRED.