Nominal External Balance of Goods and Services for Saudi Arabia
Annual
NNXGSXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164,571.00
Year-over-Year Change
-76.18%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual trend measures the annual change in net goods and services exports, providing insight into the U.S. trade balance and international competitiveness.
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 trend tracks the year-over-year change in the value of U.S. exports minus imports, a key indicator of the nation's trade position and economic influence on global markets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely monitored by policymakers, analysts, and businesses to understand the country's trade dynamics and inform economic and trade policies.
Key Facts
- The U.S. trade deficit was $1.02 trillion in 2022.
- Exports accounted for 12.4% of U.S. GDP in 2021.
- China is the largest holder of U.S. debt at $1.1 trillion.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the value of U.S. exports minus imports, providing insight into the nation's trade balance.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, businesses, and economists to understand the country's trade dynamics and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric informs trade and economic policies, as the trade balance is a key indicator of a country's global economic influence and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a delay of several weeks.
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Citation
U.S. Bureau of Economic Analysis, Annual (NNXGSXDCSAA), retrieved from FRED.