Number of Identified Exporters to Benin from Illinois
ILBENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.00
Year-over-Year Change
241.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Benin from Illinois' trend tracks the count of companies or individuals located in Illinois who export goods or services to the West African nation of Benin.
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 metric provides insight into the trade and economic relationship between Illinois and Benin. It can help analysts identify changes in export activity and understand the dynamics of this trade corridor.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is used by economists, policymakers, and businesses to monitor patterns in Illinois-Benin trade flows.
Key Facts
- Illinois is the 5th largest exporting state in the U.S.
- Benin is a lower-middle income country in West Africa
- Trade between Illinois and Benin has grown by 12% over the past 5 years
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of identified exporters located in Illinois that sell goods or services to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Illinois and Benin, which can help inform economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor patterns in Illinois-Benin trade flows and assess the impact of trade policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so the most recent figures may not reflect the current trade environment.
Related Trends
Value of Exports to Benin from Pennsylvania
PABENA052SCEN
Value of Exports to Benin from South Dakota
SDBENA052SCEN
Value of Exports to Benin from Oklahoma
OKBENA052SCEN
Net Reserves by Months of Imported Goods and Services for Benin
BENBRASSMIMH
Value of Exports to Benin from Maryland
MDBENA052SCEN
Cash surplus/deficit (% of GDP) for Benin
CASHBLBJA188A
Citation
U.S. Federal Reserve, Number of Identified Exporters to Benin from Illinois (ILBENA475SCEN), retrieved from FRED.