Nominal Exports of Goods and Services for Saudi Arabia
Annual
NXXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,353,365.00
Year-over-Year Change
-9.64%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual trend measures the annual change in total domestic nominal non-defense capital spending. This metric is a key indicator of business investment and economic growth.
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 year-over-year change in total nominal capital expenditures by businesses, excluding spending on national defense. It provides insight into the pace of private-sector investment and capacity expansion.
Methodology
This data is collected through surveys of capital spending by private firms and government agencies.
Historical Context
The Annual trend is closely watched by economists and policymakers as a barometer of business confidence and the broader economic outlook.
Key Facts
- Annual capital spending grew 5.2% in 2021.
- Manufacturing firms account for the largest share of annual capital expenditures.
- The Annual trend typically lags broader economic indicators like GDP.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total nominal capital expenditures by U.S. businesses, excluding defense-related spending.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insight into the pace of private-sector investment and capacity expansion, which are key drivers of economic growth and productivity.
Q: How is this data collected or calculated?
A: This data is collected through surveys of capital spending by private firms and government agencies.
Q: How is this trend used in economic policy?
A: The Annual trend is closely watched by economists and policymakers as an indicator of business confidence and the broader economic outlook.
Q: Are there update delays or limitations?
A: The Annual trend may lag broader economic indicators like GDP due to the time required for data collection and reporting.
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Citation
U.S. Federal Reserve, Annual (NXXDCSAA), retrieved from FRED.