Total Credit to Households and NPISHs, Adjusted for Breaks, for Saudi Arabia
Billions of US Dollars
QSAHAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
383.44
Year-over-Year Change
33.85%
Date Range
1/1/1998 - 10/1/2024
Summary
This economic trend measures the value of US net exports, representing the balance of goods and services traded internationally. It is a key indicator of the US trade position and global economic competitiveness.
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 tracks the net balance of exports and imports of goods and services for the United States. It reflects the difference between the value of goods and services the US sells to other countries versus what it purchases from them.
Methodology
The data is compiled by the US Bureau of Economic Analysis using surveys and trade statistics.
Historical Context
This metric is closely watched by policymakers, economists, and market analysts to assess the health of the US economy and its position in global trade.
Key Facts
- The US has run a trade deficit since the 1970s.
- Services trade typically has a surplus, while goods trade has a deficit.
- China is the largest trade partner, accounting for a large portion of the US trade deficit.
FAQs
Q: What does this economic trend measure?
A: The Billions of US Dollars trend measures the net balance of US exports and imports of goods and services, providing an indicator of the nation's trade position.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key barometer of the US economy's global competitiveness and integration with international markets. It informs policymakers, investors, and analysts on the nation's trade dynamics.
Q: How is this data collected or calculated?
A: The data is compiled by the US Bureau of Economic Analysis using surveys and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the US trade balance to assess the nation's economic health and global competitiveness, informing decisions on trade agreements, tariffs, and other policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of several weeks, 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 (QSAHAMUSDA), retrieved from FRED.