National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Australia
Annual
NAEXCP03AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
531,650,000,000.00
Year-over-Year Change
108.96%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual Exports of Goods and Services measures the value of goods and services exported from the United States to other countries over a 12-month period. This metric is a key indicator of the US trade balance and global economic engagement.
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 Annual Exports of Goods and Services tracks the monetary value of all products and services sold by US businesses to international buyers. It provides insight into the strength of US exports and the nation's participation in global trade and commerce.
Methodology
The data is collected through surveys of US businesses and compiled by the Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor exports as a component of GDP and to assess the competitiveness of US industries in international markets.
Key Facts
- US annual exports were over $2.5 trillion in 2021.
- Exports account for about 12% of total US economic output.
- The top US export categories are machinery, aircraft, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The Annual Exports of Goods and Services measures the total monetary value of all products and services exported from the United States to other countries over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Exports are a key component of GDP and provide insight into the strength of US participation in global trade. This metric is closely watched by economists, policymakers, and businesses to assess the competitiveness of US industries in international markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of US businesses and compiled by the Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers monitor exports as an indicator of the health of the US economy and to inform decisions on trade, tariffs, and other policies affecting international commerce.
Q: Are there update delays or limitations?
A: The Annual Exports data is typically released with a lag of several months, so it may not reflect the most current economic conditions.
Related Trends
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Production: Manufacturing: Total Manufacturing for Australia
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Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Australia
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Citation
U.S. Federal Reserve, Annual Exports of Goods and Services (NAEXCP03AUA189S), retrieved from FRED.