U.S. Imports of Services: Travel (for All Purposes Including Education)
ITMTAEM133S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,228.00
Year-over-Year Change
2.88%
Date Range
1/1/1999 - 6/1/2025
Summary
This economic trend measures the value of services imported by the U.S. for travel purposes, including education. It is a key indicator of international trade in services and economic activity.
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 U.S. Imports of Services: Travel (for All Purposes Including Education) trend tracks the dollar value of services purchased by U.S. residents while traveling abroad. This includes both personal and business travel, as well as educational services consumed by international students in the U.S.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of travelers and educational institutions.
Historical Context
Policymakers and economists use this trend to assess the strength of the U.S. service economy and the country's engagement in global trade.
Key Facts
- Travel services account for over 25% of total U.S. service imports.
- U.S. travel imports have grown by over 50% in the past decade.
- Education services are the fastest-growing component of U.S. travel imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of services imported by the U.S. for travel purposes, including personal, business, and educational travel.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength of the U.S. service economy and the country's engagement in global 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 travelers and educational institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the U.S. service sector and inform decisions on trade, tourism, and educational policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a 2-month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, U.S. Imports of Services: Travel (for All Purposes Including Education) (ITMTAEM133S), retrieved from FRED.