Real Exports of Goods for Canada
Quarterly, Seasonally Adjusted
NXGRSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148,110.80
Year-over-Year Change
11.69%
Date Range
1/1/1961 - 1/1/2025
Summary
This economic indicator measures the quarterly, seasonally adjusted U.S. current account balance, which is a key metric of the nation's international trade and financial transactions.
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 current account balance represents the difference between a country's total exports and imports of goods, services, income, and unilateral transfers. It's a widely-watched indicator of economic performance and a factor in exchange rate and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers closely monitor the current account balance to assess a country's external competitiveness and financial stability.
Key Facts
- The U.S. current account balance reached a record high deficit of $251.2 billion in Q4 2022.
- A current account deficit indicates a country is a net borrower from the rest of the world.
- The current account balance is a component of a country's balance of payments.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarterly, seasonally adjusted U.S. current account balance, which reflects the country's net trade in goods, services, income, and unilateral transfers with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key metric of a country's external competitiveness and financial stability, making it an important indicator for economists, policymakers, and market analysts.
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: Economists and policymakers monitor the current account balance to assess a country's external competitiveness and make decisions on exchange rate, trade, and monetary policies.
Q: Are there update delays or limitations?
A: The current account balance data is released by the BEA on a quarterly basis, with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NXGRSAXDCCAQ), retrieved from FRED.