Nominal External Balance of Goods and Services for Germany
Quarterly, Not Seasonally Adjusted
NNXGSNSAXDCDEQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,373.00
Year-over-Year Change
15.36%
Date Range
1/1/1991 - 1/1/2025
Summary
The 'Quarterly, Not Seasonally Adjusted' series measures the net goods and services balance between the U.S. and its trading partners. It is a key indicator of the nation's trade performance and a critical input for policymakers assessing economic and geopolitical conditions.
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 data series tracks the difference between the value of goods and services exported from the United States and the value of goods and services imported. It provides insight into the overall trade balance and can signal shifts in domestic and international demand.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Economists and policymakers use this metric to gauge the health of the U.S. economy and understand the nation's evolving trade relationships.
Key Facts
- The U.S. has run a trade deficit for over 40 years.
- China is the largest source of U.S. imports.
- Trade policy is a major area of economic and geopolitical focus.
FAQs
Q: What does this economic trend measure?
A: This series tracks the difference between the value of goods and services exported from the United States and the value of goods and services imported.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a critical indicator of the nation's economic and geopolitical standing, providing insight into domestic and international demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to gauge the health of the U.S. economy and understand the nation's evolving trade relationships.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (NNXGSNSAXDCDEQ), retrieved from FRED.