Balance of Payments: Services: Expenditure for OECD
Seasonally Adjusted
OECDB6DBSE01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,319,991,000,000.00
Year-over-Year Change
24.05%
Date Range
1/1/2005 - 10/1/2024
Summary
The 'Seasonally Adjusted' economic trend measures fluctuations in key indicators that are adjusted for typical seasonal patterns, providing a clearer view of underlying economic conditions.
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
Seasonal adjustment is a statistical technique used to remove the impact of regular, predictable events like holidays or weather on economic time series data. This allows analysts to better identify and interpret true changes in economic activity.
Methodology
The data is adjusted using regression-based X-13ARIMA-SEATS methodology.
Historical Context
Seasonally adjusted data is widely used by policymakers, analysts, and market participants to understand economic performance.
Key Facts
- Seasonal adjustment removes predictable calendar effects.
- Adjusted data provides a clearer picture of economic trends.
- Widely used by policymakers, analysts, and markets.
FAQs
Q: What does this economic trend measure?
A: The 'Seasonally Adjusted' trend measures key economic indicators with the typical seasonal patterns removed, providing a clearer view of underlying economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Seasonally adjusted data is crucial for accurately interpreting economic performance, as it removes the distorting effects of regular, predictable events like holidays or weather.
Q: How is this data collected or calculated?
A: The data is adjusted using regression-based X-13ARIMA-SEATS methodology.
Q: How is this trend used in economic policy?
A: Seasonally adjusted data is widely used by policymakers, analysts, and market participants to understand and respond to true changes in economic activity.
Q: Are there update delays or limitations?
A: The seasonally adjusted data is subject to periodic revisions as new information becomes available, which can result in small changes to previously published figures.
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Citation
U.S. Federal Reserve, Seasonally Adjusted (OECDB6DBSE01CXCUSAQ), retrieved from FRED.