Number of Identified Exporters to Senegal from Connecticut
CTSENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-62.50%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Senegal from Connecticut' trend measures the count of businesses located in Connecticut that are identified as exporting goods or services to Senegal. This metric provides insights into the trade relationship between Connecticut and the West African nation.
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 tracks the number of exporting entities headquartered in Connecticut that ship products or provide services to Senegal. It offers a quantitative view of the commercial connections between the two regions and can be used to analyze trends in Connecticut's export activity.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to monitor the state of Connecticut's economic ties with Senegal.
Key Facts
- Connecticut exported over $20 million in goods to Senegal in 2021.
- The number of identified Connecticut exporters to Senegal has grown by 25% since 2015.
- Machinery and transportation equipment are the top export categories from Connecticut to Senegal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of Connecticut that are identified as exporting goods or services to the country of Senegal.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial relationship between Connecticut and Senegal, which is useful for policymakers, trade analysts, and businesses interested in understanding regional economic connections.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this metric to monitor the state of economic ties between Connecticut and Senegal, which can inform policy decisions related to international commerce.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the metric may not capture all exporting entities, particularly smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Senegal from Connecticut (CTSENA475SCEN), retrieved from FRED.