Value of Exports to Papua New Guinea from Colorado
COPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227,870.00
Year-over-Year Change
45.48%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Papua New Guinea from Colorado' series measures the total value of goods and services exported from the state of Colorado to the country of Papua New Guinea. This metric is important for economists and policymakers to understand regional trade patterns and the economic relationship 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 tracks the monetary value of all products and services shipped from Colorado, United States to Papua New Guinea. It provides insight into the scale and composition of Colorado's export economy and its engagement with the Papua New Guinean market.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and trade analysts use this metric to evaluate the effectiveness of economic development and export promotion initiatives.
Key Facts
- Colorado's exports to Papua New Guinea totaled $12.4 million in 2021.
- Top exported products include machinery, aircraft parts, and medical equipment.
- Papua New Guinea is Colorado's 94th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of goods and services exported from the U.S. state of Colorado to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and composition of Colorado's export economy and its economic relationship with Papua New Guinea, which is valuable for policymakers and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to evaluate the effectiveness of economic development and export promotion initiatives between Colorado and Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is subject to typical reporting lags, with the most recent figures available approximately 6-12 months after the end of the reference period.
Related Trends
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Use of Financial Services: Number of Loan Accounts at Commercial Banks for Papua New Guinea
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Use of Financial Services: Key Indicators, Outstanding Deposits with Credit Unions and Financial Cooperatives for Papua New Guinea
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Bank's Net Interest Margin for Papua New Guinea
DDEI01PGA156NWDB
Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Papua New Guinea
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Number of Identified Exporters to Papua New Guinea from Colorado
COPNGA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Colorado (COPNGA052SCEN), retrieved from FRED.