Total Credit to Households and NPISHs, Adjusted for Breaks, for India
Billions of US Dollars
QINHAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,575.08
Year-over-Year Change
32.14%
Date Range
4/1/2007 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the value of total imports and exports of goods and services for the United States. This metric is a key indicator of the nation's trade balance and global economic activity.
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 'Billions of US Dollars' series tracks the total dollar value of all goods and services traded internationally by the U.S. economy. It is a widely followed indicator of the nation's trade position and competitiveness in global markets.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis based on surveys of international trade transactions.
Historical Context
Trade data is closely monitored by policymakers, economists, and investors to assess the health of the domestic economy and its commercial relationships worldwide.
Key Facts
- The U.S. trade deficit reached a record high of $91.9 billion in March 2022.
- China is the largest source of imports for the U.S., accounting for over $500 billion annually.
- Services trade has a consistent surplus, offsetting some of the goods trade deficit.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' series tracks the total value of imports and exports of goods and services for the United States economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the trade balance and international competitiveness of the U.S., which are important factors for policymakers, economists, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis based on surveys of international trade transactions.
Q: How is this trend used in economic policy?
A: Trade data is closely watched by policymakers to assess the health of the domestic economy and guide decisions on trade agreements, tariffs, and other commercial policies.
Q: Are there update delays or limitations?
A: The trade data is published monthly with a lag of several weeks, so the most recent figures may not fully reflect the current trade environment.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QINHAMUSDA), retrieved from FRED.