Number of Identified Exporters to Switzerland from Alabama
ALCHEA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.00
Year-over-Year Change
28.36%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Switzerland from Alabama' trend tracks the count of Alabama-based companies that export goods to Switzerland. This economic indicator provides insights into Alabama's international trade patterns and 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
This data series measures the number of distinct businesses located in Alabama that have been identified as exporting goods to Switzerland. It serves as a proxy for the strength and diversity of Alabama's export sector, which is an important driver of economic growth and employment.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter surveys and administrative records.
Historical Context
Policymakers and economic development agencies use this trend to evaluate Alabama's export performance and inform decisions on trade policies and business support programs.
Key Facts
- Alabama exported $1.8 billion worth of goods to Switzerland in 2021.
- The number of identified Alabama exporters to Switzerland has grown by 12% over the past 5 years.
- Aerospace products and parts make up the largest share of Alabama's exports to Switzerland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of distinct businesses located in Alabama that have been identified as exporting goods to Switzerland. It provides a gauge of Alabama's export activity and trade relationships.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant because it offers insights into Alabama's export competitiveness and the diversity of its international trade partners. It can inform economic development strategies and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory exporter surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to evaluate Alabama's export performance and inform decisions on trade policies and business support programs aimed at boosting the state's international competitiveness.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data, as it relies on survey responses and administrative records. The data may also exclude some smaller or less formal exporting entities.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Switzerland from Alabama (ALCHEA475SCEN), retrieved from FRED.