BEA’s New Data Tool Provides Fast Access to Trade and Investment Stats for CountriesMay 28, 2015
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This post originally appeared on the Department of Commerce blog.
A new data tool–International Trade and Investment Country Facts Application–on the Bureau of Economic Analysis website gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.
These fast facts at your fingertips can include:
- Total exports, imports and trade balance between the United States and the country you select.
- The top five categories of goods and services the United States buys from and sells to that country.
- Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.
The country snapshots, or factsheets, also contain charts and can be printed or downloaded to a spreadsheet. The new data tool pulls statistics from BEA’s international data sets on exports, imports, direct investment, and the activities of multinational enterprises into a single easy-to-digest resource. Similar to the BEA’s BEARFACTS regional factsheets for state and regional economic data, the new international factsheets can be used to quickly get up to speed for a business presentation, a news story, or a school research project.
Users select a country from an interactive world map or a searchable menu of countries. The tool generates a country factsheet with graphs and tables showing the latest data on U.S. trade and investment with that country. A PDF of the factsheet is available for easy printing. The tool also provides data tables containing more detailed statistics that can be downloaded in Excel format.
This new data tool is just one of the ways that BEA is innovating to better measure the 21st Century economy. Some of the trade data used in the new tool comes from the U.S. Census Bureau, another Commerce Department agency, underscoring the how agencies within Commerce work together to make data even more accessible to the American public.
Providing businesses and individuals with new data tools like these – not only deepens their understanding of the U.S. economy – but also fulfills a strategic goal contained in the Commerce Department’s “Open for Business Agenda.” And, that is to make data even more accessible and easier to use.