Real Exports of Goods and Services for Saudi Arabia
Annual
NXRXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,410,135.00
Year-over-Year Change
8.69%
Date Range
1/1/2010 - 1/1/2024
Summary
The 'Annual' economic trend measures the value of annual net exports of goods and services, in chained dollars, for the United States. It provides insight into the country'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 represents the total value of exports minus imports of goods and services for the United States on an annual basis, adjusted for inflation. It is a key indicator of the nation's trade position and can inform economic policymaking.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and trade statistics.
Historical Context
Policymakers and analysts use this trend to assess the health of the U.S. economy and make decisions related to trade, tariffs, and international economic policy.
Key Facts
- The U.S. has run trade deficits for over 40 years.
- Exports accounted for 12.4% of U.S. GDP in 2021.
- The U.S. is the world's second-largest exporter after China.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the total value of goods and services exported from the United States minus the value of goods and services imported, on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the U.S. trade balance and international competitiveness, which are important factors for economic policymakers and analysts to consider.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the U.S. economy and make decisions related to trade, tariffs, and international economic policy.
Q: Are there update delays or limitations?
A: The 'Annual' trend is updated annually by the U.S. Bureau of Economic Analysis, with some potential for minor revisions in subsequent releases.
Related Trends
Value of Exports to Saudi Arabia from Hawaii
HISAUA052SCEN
Value of Exports to Saudi Arabia from New Hampshire
NHSAUA052SCEN
Real Private Sector Final Consumption Expenditure for Saudi Arabia
NCPRNSAXDCSAQ
International Trade: Net Trade: Value (Goods): Total for Saudi Arabia
SAUXTNTVA01STSAQ
Total Expenditure and Net Lending for General Government for Saudi Arabia
SAUGGENLGDPGDPPT
Number of Identified Exporters to Saudi Arabia from Wisconsin
WISAUA475SCEN
Citation
U.S. Federal Reserve, Annual (NXRXDCSAA), retrieved from FRED.