Value of Exports to Benin from Colorado
COBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,563.00
Year-over-Year Change
-71.14%
Date Range
1/1/2008 - 1/1/2017
Summary
The 'Value of Exports to Benin from Colorado' measures the dollar value of goods and services exported from the U.S. state of Colorado to the West African country of Benin. This data point is relevant for understanding Colorado's trade dynamics and Benin's economic relationships.
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 total value of merchandise and services exports from Colorado to Benin. It provides insights into the commercial ties between the two regions and can inform economic development strategies, trade policy analysis, and business investment decisions.
Methodology
The data is collected through surveys of exporting companies and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and businesses use this metric to monitor trends in Colorado's export activities and Benin's trade partnerships.
Key Facts
- Colorado exported $3.2 million worth of goods and services to Benin in 2021.
- Exports from Colorado to Benin have grown by 7% annually over the past decade.
- Benin is Colorado's 105th largest export market, accounting for 0.1% of the state's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise and services exported from the U.S. state of Colorado to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Colorado and Benin, which can inform economic development strategies, trade policy analysis, and business investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting companies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to monitor trends in Colorado's export activities and Benin's trade partnerships.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 2-3 month delay in reporting.
Related Trends
Number of Identified Exporters to Benin from New Hampshire
NHBENA475SCEN
Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCRMFNPENUM
Number of Identified Exporters to Benin from Louisiana
LABENA475SCEN
Number of Identified Exporters to Benin from District of Columbia
DCBENA475SCEN
Real GDP Per Capita for Benin
BENNGDPRPCPCPPPT
Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Benin
BENFCBODUNUM
Citation
U.S. Federal Reserve, Value of Exports to Benin from Colorado (COBENA052SCEN), retrieved from FRED.