Number of Identified Exporters to Tonga from Illinois

ILTONA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1.00

Year-over-Year Change

0.00%

Date Range

1/1/2003 - 1/1/2016

Summary

The 'Number of Identified Exporters to Tonga from Illinois' trend measures the total count of businesses in Illinois that export goods or services to the Pacific island nation of Tonga.

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 metric provides insight into the trade and economic relationships between the U.S. state of Illinois and the small island nation of Tonga. Analyzing trends in this data can help policymakers and economists better understand the flow of goods and services between regional economies.

Methodology

The data is collected by the U.S. Census Bureau through surveys of businesses.

Historical Context

This information is valuable for assessing the strength of commercial ties and identifying opportunities to grow bilateral trade.

Key Facts

  • Illinois is a major exporter to Tonga.
  • Tonga is a small Pacific island nation.
  • Analyzing trade data can inform economic policy.

FAQs

Q: What does this economic trend measure?

A: This trend measures the total number of businesses located in the U.S. state of Illinois that have been identified as exporting goods or services to the Pacific island nation of Tonga.

Q: Why is this trend relevant for users or analysts?

A: This data provides insight into the trade and economic relationships between Illinois and Tonga, which can inform policymakers and economists about opportunities to grow bilateral commerce.

Q: How is this data collected or calculated?

A: The data is collected by the U.S. Census Bureau through surveys of businesses.

Q: How is this trend used in economic policy?

A: Policymakers can use this information to assess the strength of commercial ties between Illinois and Tonga, and identify opportunities to expand trade and investment between the two economies.

Q: Are there update delays or limitations?

A: There may be delays in reporting the most recent data, and the survey methodology may not capture all exporting businesses.

Related Trends

Citation

U.S. Federal Reserve, Number of Identified Exporters to Tonga from Illinois (ILTONA475SCEN), retrieved from FRED.