Total Credit to Non-Financial Corporations, Adjusted for Breaks, for India
Billions of US Dollars
QINNAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,923.32
Year-over-Year Change
21.58%
Date Range
4/1/2007 - 10/1/2024
Summary
The 'Billions of US Dollars' economic trend measures the total value of U.S. imports and exports of goods and services. This metric is a key indicator of the health and direction of the U.S. economy and international trade.
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 represents the nominal value of imports and exports in the U.S. national accounts. It is a widely tracked statistic used by economists, policymakers, and market analysts to assess trade flows, exchange rates, and the overall competitiveness of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using customs records and surveys.
Historical Context
Changes in the 'Billions of US Dollars' trend can inform trade, monetary, and fiscal policy decisions by governments and central banks.
Key Facts
- The U.S. trade deficit was $79.6 billion in January 2023.
- Exports of goods and services increased 0.5% in January 2023.
- Imports of goods and services decreased 0.9% in January 2023.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total nominal value of U.S. imports and exports of goods and services, providing insight into the nation's trade flows and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the U.S. economy's trade position, competitiveness, and integration with the global marketplace, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis using customs records and surveys, and then calculated to represent the total nominal value of imports and exports.
Q: How is this trend used in economic policy?
A: Changes in the 'Billions of US Dollars' trend can inform trade, monetary, and fiscal policy decisions by governments and central banks, as it provides insight into the country's trade position and economic performance.
Q: Are there update delays or limitations?
A: The data is typically released with a one-month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QINNAMUSDA), retrieved from FRED.