Real External Balance of Goods and Services for Canada
Quarterly, Seasonally Adjusted
NNXGSRSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-12,369.30
Year-over-Year Change
-38.10%
Date Range
1/1/1961 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures changes in U.S. gross domestic product (GDP) on a quarterly basis, with seasonal factors removed. This is a key economic indicator used by policymakers and analysts to gauge the overall health and trajectory of the economy.
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 series tracks the total value of all goods and services produced within the United States during a given quarter, adjusted to remove seasonal variations. It provides a comprehensive snapshot of economic activity and is a crucial input for evaluating macroeconomic trends and formulating policy responses.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using comprehensive surveys and government records.
Historical Context
Quarterly GDP data is closely monitored by the Federal Reserve, congressional policymakers, and private-sector economists to inform monetary and fiscal policy decisions.
Key Facts
- GDP grew 2.9% in Q4 2022 on an annualized basis.
- The U.S. economy experienced a 1.1% contraction in Q1 2022.
- Quarterly GDP data is released approximately one month after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of all goods and services produced in the United States during a given quarter, with seasonal factors removed.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GDP data is a crucial indicator of the overall health and trajectory of the U.S. economy, informing policy decisions by the Federal Reserve, Congress, and private-sector economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using comprehensive surveys and government records.
Q: How is this trend used in economic policy?
A: Quarterly GDP data is closely monitored by the Federal Reserve, congressional policymakers, and private-sector economists to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted GDP data is released approximately one month after the end of each quarter.
Related Trends
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Canada
CANIMPORTQDSMEI
Orders: Manufacturing: Total Orders: Value for Canada
CANODMNTO02MLSAM
Value of Total Retail Trade sales for Canada
SLRTTO02CAA189S
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Canada
IDSGAMRIAOCA
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Canada
LFUNTTMACAM647S
Loans from Non-Resident Banks, Net, to GDP for Canada
DDOI08CAA156NWDB
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NNXGSRSAXDCCAQ), retrieved from FRED.