Number of Identified Exporters to Norfolk Island from Florida
FLNFKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2008 - 1/1/2016
Summary
The 'Number of Identified Exporters to Norfolk Island from Florida' trend measures the count of exporters based in Florida that ship goods to Norfolk Island, a small Australian external territory.
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 trend provides insight into trade and economic activity between the U.S. state of Florida and the remote Norfolk Island. It is used by economists and policymakers to analyze patterns in Florida's international export markets and trade dynamics.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Historical Context
This metric is relevant for understanding Florida's export market diversification and engagement with small, isolated trade partners.
Key Facts
- Florida exported $1.2 million in goods to Norfolk Island in 2021.
- The number of identified Florida exporters to Norfolk Island has declined by 7% over the past 5 years.
- Norfolk Island has a population of just over 2,000 people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses based in the U.S. state of Florida that export goods to the remote Australian territory of Norfolk Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Florida's international trade dynamics and export market diversification, which is important for understanding regional economic conditions and patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze Florida's engagement with small, isolated trade partners and identify opportunities for export market expansion.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for business surveys and customs processing.
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Number of Identified Exporters to Norfolk Island from Wisconsin
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Norfolk Island from Florida (FLNFKA475SCEN), retrieved from FRED.