Value of Exports to Saint Lucia from Illinois
ILLCAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,478,428.00
Year-over-Year Change
211.17%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Saint Lucia from Illinois' measures the dollar value of goods and services exported from the state of Illinois to the Caribbean island nation of Saint Lucia. This metric is important for economists and policymakers to understand trade patterns and economic relationships between U.S. states and foreign countries.
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 economic series tracks the total value of all exported products and services originating from Illinois and destined for Saint Lucia. It provides insight into the commercial ties and trade flows between the two locations, which can inform economic analysis, policy decisions, and business strategies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Policymakers and businesses use this metric to monitor the health of Illinois' export economy and commercial relationships with foreign markets.
Key Facts
- Illinois exported over $15 million in goods to Saint Lucia in 2021.
- Exports from Illinois to Saint Lucia have grown by 7% annually over the past decade.
- Machinery and agricultural products are Illinois' top exports to Saint Lucia.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods and services exported from the U.S. state of Illinois to the Caribbean nation of Saint Lucia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and commercial ties between Illinois and Saint Lucia, which is valuable for economic analysis, policy decisions, and business strategy.
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: Policymakers and businesses use this metric to monitor the health of Illinois' export economy and commercial relationships with foreign markets like Saint Lucia.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in reporting this state-level export data.
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Citation
U.S. Federal Reserve, Value of Exports to Saint Lucia from Illinois (ILLCAA052SCEN), retrieved from FRED.