Total Credit to General Government, Adjusted for Breaks, for Canada
Billions of US Dollars
QCAGAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,016.57
Year-over-Year Change
-4.51%
Date Range
1/1/1990 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the value of the U.S. agricultural trade surplus, a key indicator of the nation's agricultural competitiveness and a barometer for the health of the agricultural sector.
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
This series represents the difference between the value of U.S. agricultural exports and imports, providing insight into the balance of trade for agricultural products. It is widely used by economists and policymakers to assess the performance and global trade position of the U.S. agricultural industry.
Methodology
The data is collected and calculated by the U.S. Department of Agriculture based on official trade statistics.
Historical Context
The agricultural trade surplus is an important factor in evaluating the overall health of the U.S. economy and can inform policy decisions related to trade, subsidies, and agricultural support programs.
Key Facts
- The U.S. has maintained an agricultural trade surplus since the 1960s.
- In 2022, the agricultural trade surplus reached a record high of $79.1 billion.
- Soybeans, tree nuts, and fresh/frozen beef are among the top U.S. agricultural exports.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the difference between the value of U.S. agricultural exports and imports, providing insight into the agricultural trade balance.
Q: Why is this trend relevant for users or analysts?
A: The agricultural trade surplus is a key indicator of the U.S. agricultural industry's global competitiveness and can inform policy decisions related to trade, subsidies, and agricultural support programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Department of Agriculture based on official trade statistics.
Q: How is this trend used in economic policy?
A: The agricultural trade surplus is an important factor in evaluating the overall health of the U.S. economy and can inform policy decisions related to trade, subsidies, and agricultural support programs.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Department of Agriculture, Billions of US Dollars (QCAGAMUSDA), retrieved from FRED.