Value of Exports to Nigeria from Connecticut
CTNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,958,910.00
Year-over-Year Change
1154.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Connecticut' tracks the dollar value of goods and services exported from the U.S. state of Connecticut to Nigeria. This metric is a key indicator of international trade and economic activity 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 series measures the total value of exports originating from Connecticut that are destined for Nigeria. It provides insight into the strength of commercial ties and trade flows between the state and this important African market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and economists use this metric to analyze Connecticut's export performance and competitiveness in the Nigerian market.
Key Facts
- Connecticut's exports to Nigeria were valued at $XX million in the most recent year.
- Nigeria is Connecticut's Xth largest export destination.
- Exports account for X% of Connecticut's total economic output.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the U.S. state of Connecticut to the country of Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of trade and commercial ties between Connecticut and the important Nigerian market, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to understand Connecticut's export performance and competitiveness in the Nigerian market, which can inform trade, economic development, and international strategy decisions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of this data due to the time required for collection and compilation by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Connecticut (CTNGAA052SCEN), retrieved from FRED.