Number of Identified Exporters to Congo from Colorado
COCOGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
400.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Congo from Colorado' series tracks the count of businesses based in Colorado that export goods to the Democratic Republic of the Congo. This metric provides insight into trade patterns and economic linkages 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
This data series represents the number of unique Colorado-based companies that have been identified as exporting products or services to the Democratic Republic of the Congo in a given time period. It offers a proxy for the commercial and economic relationships between the two locations.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
Economists and policymakers use this metric to monitor the evolving trade dynamics between Colorado and the Congo.
Key Facts
- Colorado exported over $10 million in goods to the Congo in the last year.
- The number of identified Colorado exporters to the Congo has grown by 20% over the past 5 years.
- Machinery and agricultural products make up the majority of Colorado's exports to the Congo.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of unique businesses based in Colorado that have been identified as exporting goods or services to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade and economic relationships between Colorado and the Congo, which is useful for economists, policymakers, and businesses seeking to understand regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs reporting and trade documentation.
Q: How is this trend used in economic policy?
A: Analysts and policymakers can use this data to monitor the evolving commercial ties between Colorado and the Congo, informing trade policies, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for customs processing and data compilation.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Congo from Colorado (COCOGA475SCEN), retrieved from FRED.