Number of Identified Exporters to Lao People's Democratic Republic from Illinois
ILLAOA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
200.00%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of identified exporters from the U.S. state of Illinois to the Lao People's Democratic Republic. Understanding exporter activity is crucial for policymakers analyzing trade patterns and the impacts of trade agreements.
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 Number of Identified Exporters to Lao People's Democratic Republic from Illinois series tracks the count of unique businesses located in Illinois that export goods to Laos. This metric provides insight into the scale and diversification of Illinois' commercial relationships with the Lao market.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter surveys and administrative records.
Historical Context
Trends in exporter numbers can inform trade policy decisions and help businesses evaluate market opportunities.
Key Facts
- Illinois is a major U.S. exporting state.
- Laos has a fast-growing economy and consumer market.
- Exporter diversity can indicate a state's trade resilience.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of unique businesses located in Illinois that export goods to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: Understanding trends in exporter numbers can provide insights into the scale and diversification of a state's trade relationships, which is valuable information for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory exporter surveys and administrative records.
Q: How is this trend used in economic policy?
A: Trends in exporter numbers can inform trade policy decisions and help businesses evaluate market opportunities in Laos.
Q: Are there update delays or limitations?
A: The data may be subject to typical lags in collection and reporting by the Census Bureau.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Lao People's Democratic Republic from Illinois (ILLAOA475SCEN), retrieved from FRED.