Value of Exports to Dominica from Illinois
ILDMAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
803,734.00
Year-over-Year Change
166.09%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Illinois to the Caribbean island nation of Dominica. It provides insights into trade flows and economic relationships between Illinois and this key regional trading partner.
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 'Value of Exports to Dominica from Illinois' series tracks the dollar value of goods and services exported from Illinois to Dominica. This metric is used by economists and policymakers to analyze trade patterns, assess market opportunities, and understand regional economic interdependencies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
This trend is relevant for understanding Illinois' export market diversification and Dominica's role in the regional economy.
Key Facts
- Illinois is a major exporting state in the U.S.
- Dominica is a small island nation in the Caribbean Sea.
- Trade between Illinois and Dominica has fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Illinois to the Caribbean nation of Dominica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into trade flows and economic relationships between Illinois and Dominica, which is useful for understanding regional trade patterns and market opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Illinois' export market diversification and Dominica's role in the regional economy.
Q: Are there update delays or limitations?
A: The data may have a time lag of several months due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Value of Exports to Dominica from Illinois (ILDMAA052SCEN), retrieved from FRED.