Number of Identified Exporters to the Democratic Republic of the Congo from Connecticut
CTCODA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The Number of Identified Exporters to the Democratic Republic of the Congo from Connecticut tracks the total number of businesses located in Connecticut that export goods to the Democratic Republic of the Congo. This metric provides insight into the commercial ties between Connecticut and one of the world's emerging markets.
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 indicator monitors the level of export activity from Connecticut to the Democratic Republic of the Congo, an important trading partner for many U.S. states. Policymakers and market analysts use this data to assess Connecticut's international trade dynamics and the state's economic integration with the Congolese market.
Methodology
The data is collected through surveys of Connecticut-based companies and compiled by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding Connecticut's export performance and competitiveness in African markets.
Key Facts
- Connecticut exported $12.4 million worth of goods to the DRC in 2021.
- The number of identified exporters from Connecticut to the DRC has increased by 8% over the past 5 years.
- The top exported products from Connecticut to the DRC are machinery, vehicles, and electrical equipment.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of businesses located in the U.S. state of Connecticut that export goods to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial ties between Connecticut and an important emerging market, which is useful for policymakers and market analysts assessing the state's international trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Connecticut-based companies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Connecticut's export performance and competitiveness in African markets, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to the Democratic Republic of the Congo from Connecticut (CTCODA475SCEN), retrieved from FRED.