National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Sweden
Growth rate same period previous year, Annual
NAEXKP02SEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-42.87%
Date Range
1/1/1961 - 1/1/2024
Summary
This economic trend measures the annual growth rate of a key component of gross domestic product (GDP) - exports of goods and services. It provides insight into the performance of the U.S. export sector and international trade dynamics.
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 growth rate of exports of goods and services is an important economic indicator used by policymakers, analysts, and businesses to gauge the health and competitiveness of the U.S. export sector. It reflects the overall change in the value of exported products and services compared to the previous year.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
Trends in export growth are closely monitored for their implications on economic growth, trade balances, and the global competitiveness of U.S. industries.
Key Facts
- The U.S. exported over $2.5 trillion in goods and services in 2022.
- Exports account for approximately 12% of U.S. GDP.
- The U.S. has run a trade deficit for over 40 consecutive years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the value of exports of goods and services from the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in export growth provide insights into the health and competitiveness of the U.S. export sector, which has implications for economic growth, trade balances, and the global positioning of American industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor export growth trends to inform decisions related to trade policy, exchange rates, and initiatives to boost the competitiveness of U.S. exports.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02SEA659S), retrieved from FRED.