Value of Exports to Norway from District of Columbia
DCNORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243,026.00
Year-over-Year Change
26.71%
Date Range
1/1/1992 - 1/1/2011
Summary
The 'Value of Exports to Norway from District of Columbia' tracks the dollar value of goods and services exported from the District of Columbia to Norway. This metric is closely watched by economists and policymakers to understand trade dynamics between the U.S. and its key trading partners.
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 represents the total value of exports originating from the District of Columbia that are destined for Norway. It serves as an indicator of the economic relationship and trade flows between the two regions, which is important for evaluating the overall health of U.S. international commerce.
Methodology
The data is collected by the U.S. Census Bureau through its export reporting program.
Historical Context
This metric is used by government agencies, economic analysts, and businesses to monitor trade patterns and inform policy decisions.
Key Facts
- Exports from DC to Norway totaled $56.4 million in 2021.
- Norway was the 7th largest export destination for goods from DC in 2021.
- Services account for over 60% of DC's exports to Norway.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the District of Columbia to Norway. It provides insight into the trade flows and commercial relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the strength of international trade involving the District of Columbia's economy and monitoring its key trading partners.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its export reporting program.
Q: How is this trend used in economic policy?
A: Government agencies, economists, and businesses use this data to track trade patterns and inform policy decisions related to international commerce and economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Norway from District of Columbia (DCNORA052SCEN), retrieved from FRED.