Number of Identified Exporters to Congo from Illinois
ILCOGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
87.50%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Congo from Illinois' measures the count of businesses located in Illinois that export goods or services to the Democratic Republic of the Congo. This trend provides insights into trade dynamics and economic activity between the two 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 series tracks the number of exporters from Illinois to the Congo, offering a proxy for commercial engagement and trade flows between the two economies. Economists and policymakers use this data to assess the health of Illinois' export sector and its integration with African markets.
Methodology
The data is collected by the U.S. Census Bureau through business surveys and customs records.
Historical Context
Trends in exporter counts can inform trade policy decisions and investment strategies targeting emerging African markets.
Key Facts
- Illinois is a major U.S. exporting state.
- The Congo is an important African trading partner.
- Exporter counts can signal economic growth opportunities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Illinois that export goods or services to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of identified exporters provides insights into the trade relationship and economic integration between Illinois and the Congo, which is valuable for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through business surveys and customs records.
Q: How is this trend used in economic policy?
A: Trends in exporter counts can inform trade policy decisions and investment strategies targeting emerging African markets like the Congo.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in capturing all exporters, as the data relies on surveys and customs records.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Congo from Illinois (ILCOGA475SCEN), retrieved from FRED.