Value of Exports to Bermuda from Connecticut
CTBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,630,640.00
Year-over-Year Change
244.04%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Connecticut' series measures the total dollar value of goods exported from the state of Connecticut to the island nation of Bermuda. This metric provides insight into the trade relationship between Connecticut and Bermuda.
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 total value of merchandise exports flowing from Connecticut to Bermuda. It is used by economists and policymakers to analyze the strength of trade ties between the two locations and monitor changes in the bilateral commercial relationship over time.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of export transactions.
Historical Context
The value of state-level exports is an important indicator for regional economic activity and international trade policy.
Key Facts
- Connecticut exported over $15 million in goods to Bermuda in 2021.
- Bermuda is Connecticut's 49th largest export destination.
- Exports to Bermuda account for less than 1% of total Connecticut exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of merchandise exports from the U.S. state of Connecticut to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: The value of state-level exports provides insight into regional economic performance and trade relationships, which is valuable information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on surveys of export transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the strength of trade ties between Connecticut and Bermuda, and to inform decisions around international trade policy and regional economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Connecticut (CTBMUA052SCEN), retrieved from FRED.