Number of Identified Exporters to Singapore from Alabama
ALSGPA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.00
Year-over-Year Change
0.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Singapore from Alabama' measures the count of businesses in Alabama that export goods and services to Singapore. This metric is relevant for understanding Alabama's trade dynamics and economic integration with global markets.
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 series tracks the number of distinct Alabama-based companies that have been identified as exporting to Singapore. It provides insight into the breadth and diversity of Alabama's export sector and its engagement with the Singaporean economy.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economic analysts use this metric to assess Alabama's export competitiveness and the state's export market diversification.
Key Facts
- Alabama exported over $1.1 billion in goods to Singapore in 2021.
- The number of Alabama exporters to Singapore has grown by 25% since 2015.
- Singapore is Alabama's 7th largest export destination globally.
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 or services to Singapore.
Q: Why is this trend relevant for users or analysts?
A: The number of Alabama exporters to Singapore provides insight into the state's trade integration and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Alabama's export market diversification and competitiveness.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to collection and processing timelines.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Singapore from Alabama (ALSGPA475SCEN), retrieved from FRED.