Imports of Services: Travel (for all purposes including education)
IEAMSTVN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,637.00
Year-over-Year Change
111.65%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Imports of Services: Travel (for all purposes including education)' trend measures the value of travel-related services imported by the United States. This metric is important for analyzing the nation's balance of trade and the economic impact of international tourism.
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 indicator tracks the dollar value of travel-related services, such as hotel stays, dining, transportation, and other expenses, purchased by U.S. residents from foreign providers. It provides insight into the scale and trends of Americans' overseas travel and spending habits.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and travelers.
Historical Context
Policymakers and economists use this metric to assess the broader tourism industry and its contribution to the U.S. current account and gross domestic product.
Key Facts
- Travel services account for over a third of total U.S. service imports.
- The value of travel imports has grown by over 60% in the past decade.
- The COVID-19 pandemic caused a sharp decline in travel imports in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of travel-related services, such as hotel stays, dining, and transportation, purchased by U.S. residents from foreign providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and trends of Americans' overseas travel and spending habits, which is important for analyzing the nation's balance of trade and the economic impact of international tourism.
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 travelers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the broader tourism industry and its contribution to the U.S. current account and gross domestic product.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
Related Trends
Primary income payments: Investment income: Direct investment income
IEAMIDN
Secondary income (current transfer) payments
IEAMSIR
Imports of Goods: Non-Manufactured Commodities for Puerto Rico
IMPNONPR
Imports of Goods for United States
IMPTOTUS
U.S. Imports of Goods by Customs Basis from France
IMPFR
Advance U.S. International Trade in Goods: Imports: Foods, Feeds, & Beverages
AITGIFN
Citation
U.S. Federal Reserve, Imports of Services: Travel (for all purposes including education) (IEAMSTVN), retrieved from FRED.