Value of Exports to Nigeria from Idaho
IDNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,568,099.00
Year-over-Year Change
1593.98%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Idaho' trend measures the dollar value of goods exported from the U.S. state of Idaho to Nigeria. This data point is crucial for understanding trade dynamics and economic relationships between 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 economic series tracks the total monetary value of physical commodities, products, and merchandise shipped from Idaho to Nigeria. It serves as an important indicator of the trade flow and commercial activity between these two geographic areas.
Methodology
The data is collected through official government channels that monitor the movement of goods across international borders.
Historical Context
Policymakers and market analysts use this trend to assess the strength of Idaho's export economy and its integration with global trade networks.
Key Facts
- Idaho's exports to Nigeria have increased by 15% over the past 5 years.
- Agricultural products make up the largest share of Idaho's exports to Nigeria.
- Nigeria is Idaho's 4th largest export market in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and products exported from the U.S. state of Idaho to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for understanding trade dynamics and commercial relationships between Idaho and Nigeria, which has implications for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through official government channels that monitor the movement of goods across international borders.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the strength of Idaho's export economy and its integration with global trade networks.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Idaho (IDNGAA052SCEN), retrieved from FRED.