Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Portugal
Billions of US Dollars
QPTPAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
386.77
Year-over-Year Change
-6.30%
Date Range
1/1/1957 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the total value of US merchandise trade, including both exports and imports, in billions of US dollars. This metric is a key indicator of the strength and direction of the US economy's international trade activities.
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' trend represents the total dollar value of goods and services traded between the US and other countries. It is an important economic statistic used by policymakers, analysts, and businesses to assess the US trade balance, competitiveness, and exposure to global market forces.
Methodology
This data is collected and calculated by the US Census Bureau based on official international trade records.
Historical Context
The 'Billions of US Dollars' trend is widely referenced in economic policy discussions and business strategy planning related to US trade, investment, and globalization.
Key Facts
- The US had $5.6 trillion in total merchandise trade in 2022.
- Trade deficits have been a persistent feature of the US economy since the 1970s.
- China is the US's largest trading partner, with over $600 billion in annual trade.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' trend measures the total value of US merchandise trade, including both exports and imports, in billions of US dollars.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the strength and direction of the US economy's international trade activities, which is crucial information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Census Bureau based on official international trade records.
Q: How is this trend used in economic policy?
A: The 'Billions of US Dollars' trend is widely referenced in economic policy discussions and business strategy planning related to US trade, investment, and globalization.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions based on updated trade information.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QPTPAMUSDA), retrieved from FRED.