Number of Identified Exporters to Nigeria from Alabama
ALNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.00
Year-over-Year Change
120.59%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the number of identified exporters from the U.S. state of Alabama to Nigeria. It provides insight into trade and business dynamics between the two regions.
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 Number of Identified Exporters to Nigeria from Alabama is a key metric used by economists and policymakers to analyze the trade relationship between Alabama and Nigeria. It offers a detailed view of the flow of goods and services between the two markets.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is used to inform trade policy decisions and market analysis related to Alabama's exports to Nigeria.
Key Facts
- Alabama exported over $200 million in goods to Nigeria in 2021.
- Nigeria is Alabama's 5th largest export market in Africa.
- The number of identified exporters has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of businesses and individuals identified as exporting goods from the U.S. state of Alabama to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: The number of exporters provides insight into the depth and dynamics of the trade relationship between Alabama and Nigeria, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator helps inform trade policy decisions and market analysis related to Alabama's exports to Nigeria.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the time required for collection and publication.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Alabama (ALNGAA475SCEN), retrieved from FRED.