Number of Identified Exporters to Nicaragua from Florida
FLNICA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,320.00
Year-over-Year Change
81.82%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters based in Florida that sell goods to Nicaragua. Understanding trade flows between U.S. states and foreign countries is crucial for policymakers and economists analyzing regional economic dynamics.
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
The Number of Identified Exporters to Nicaragua from Florida tracks the count of unique companies located in Florida that export their products to Nicaragua. This data provides insights into the scale and diversification of Florida's trade relationships with Central American markets.
Methodology
The data is collected and reported by the U.S. Census Bureau through its exporter localization program.
Historical Context
Trends in exporter counts are monitored by trade organizations, international economists, and policymakers to assess state-level trade competitiveness.
Key Facts
- Florida exported over $550 million in goods to Nicaragua in 2021.
- The number of identified Florida exporters to Nicaragua has grown by 25% since 2015.
- Florida ranks 3rd among U.S. states for the number of exporters selling to Nicaragua.
FAQs
Q: What does this economic trend measure?
A: This trend measures the count of unique companies located in Florida that export their products to Nicaragua. It provides insights into the scale and diversification of Florida's trade relationships with Central American markets.
Q: Why is this trend relevant for users or analysts?
A: Trends in exporter counts are monitored by trade organizations, international economists, and policymakers to assess state-level trade competitiveness and the health of regional economic relationships.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its exporter localization program.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze regional trade dynamics and competitiveness, which informs decisions around trade agreements, investment attraction, and economic development programs.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 quarter delay by the Census Bureau. Additionally, the exporter counts may not capture all small or occasional exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nicaragua from Florida (FLNICA475SCEN), retrieved from FRED.