National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Luxembourg
Annual
LUXIMPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137,408,881,000.00
Year-over-Year Change
147.44%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Import of Goods and Services trend measures the annual percentage change in imports of goods and services to the United States. It is a key indicator of the strength of domestic demand and international trade.
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 growth or decline in the total dollar value of goods and services imported into the U.S. over a 12-month period. It provides insights into the health of the U.S. economy and the nation's trade balance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys of international trade.
Historical Context
Analysts and policymakers use this metric to assess the state of the U.S. economy and international competitiveness.
Key Facts
- Imports account for over 15% of U.S. GDP.
- The U.S. has run a trade deficit since the 1970s.
- Import growth is closely tied to consumer spending and business investment.
FAQs
Q: What does this economic trend measure?
A: The Annual Import of Goods and Services trend measures the annual percentage change in the total value of imports of goods and services to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of domestic demand and the health of international trade, which are key factors in the overall performance of the U.S. economy.
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 comprehensive surveys of international trade.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the state of the U.S. economy and international competitiveness, which informs trade, monetary, and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual Import of Goods and Services (LUXIMPORTADSMEI), retrieved from FRED.