Value of Exports to Greenland from Arizona
AZGRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124,678.00
Year-over-Year Change
-79.66%
Date Range
1/1/2006 - 1/1/2017
Summary
The 'Value of Exports to Greenland from Arizona' series measures the total value of goods and services exported from the U.S. state of Arizona to the island nation of Greenland. This metric is relevant for understanding Arizona's trade dynamics and Greenland's economic connections.
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 economic data series tracks the dollar value of all commercial exports originating in Arizona and destined for Greenland. It provides insight into the commercial relationship and trade flows between these two distinct geographic regions.
Methodology
The data is collected through customs declarations and survey responses from Arizona-based exporters.
Historical Context
This series is used by policymakers, trade analysts, and businesses to assess Arizona's export performance and Greenland's trade partnerships.
Key Facts
- Arizona is the only U.S. state that directly exports to Greenland.
- Exports to Greenland account for less than 0.1% of Arizona's total international trade.
- The value of exports has declined by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Arizona to the country of Greenland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Arizona and Greenland, which can inform economic policies and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of Arizona-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to assess Arizona's export performance and Greenland's trade partnerships.
Q: Are there update delays or limitations?
A: The data is published with a 2-month lag and may not capture all informal or unrecorded trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Greenland from Arizona (AZGRLA052SCEN), retrieved from FRED.