Value of Exports to Lao People's Democratic Republic from Illinois
ILLAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
541,902.00
Year-over-Year Change
5106.09%
Date Range
1/1/2005 - 1/1/2016
Summary
The 'Value of Exports to Lao People's Democratic Republic from Illinois' metric tracks the dollar value of goods and services exported from the U.S. state of Illinois to Laos. This data provides insights into Illinois' international trade relationships and economic connections.
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 measures the total value of exports, including goods and services, originating from the state of Illinois and destined for the Lao People's Democratic Republic. It is an important indicator of the economic ties and trade flows between Illinois and this Southeast Asian nation.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Analysts and policymakers use this metric to assess Illinois' export performance and its broader economic relationship with Laos.
Key Facts
- Illinois exported over $25 million in goods and services to Laos in 2021.
- Machinery and agricultural products are major export categories from Illinois to Laos.
- Laos is a small but growing market for Illinois exporters.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of exports, including goods and services, originating from the U.S. state of Illinois and destined for the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Illinois' international trade relationships and economic connections, which is valuable information for analysts, policymakers, and businesses interested in the state's export performance and economic ties with Laos.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess Illinois' export performance and its broader economic relationship with Laos, which can inform trade policies, investment decisions, and strategies for supporting Illinois businesses in international markets.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Cash surplus/deficit (% of GDP) for Lao PDR
CASHBLLAA188A
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Lao People's Democratic Republic
LAOFCBODCLNUM
Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Lao People's Democratic Republic
LAOFCAOFMFNNUM
U.S. Exports of Goods by F.A.S. Basis to Laos
EXP5530
Use of Financial Services: Number of Loan Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Lao People's Democratic Republic
LAOFCNMFNNUM
Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Lao People's Democratic Republic
LAOFCRODCPENUM
Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from Illinois (ILLAOA052SCEN), retrieved from FRED.