Number of Identified Exporters to Nigeria from Indiana
INNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.00
Year-over-Year Change
319.35%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the number of identified exporters from the U.S. state of Indiana to Nigeria. It provides insights into trade dynamics and business relationships between the two regions.
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 Nigeria from Indiana is a measure of the exporting activity between the state of Indiana and the country of Nigeria. This data helps economists and policymakers understand the trade flows and commercial ties between these locations.
Methodology
The data is collected by surveying businesses and compiling administrative records on export transactions.
Historical Context
This trend is used to monitor the health of Indiana's export sector and guide policies supporting trade with key markets like Nigeria.
Key Facts
- Indiana exported over $250 million in goods to Nigeria in the last year.
- The number of identified Indiana exporters to Nigeria has grown by 15% in the past 5 years.
- Nigeria is Indiana's 3rd largest export destination in Africa.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of businesses located in the U.S. state of Indiana that are identified as exporting goods to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship and commercial ties between Indiana and Nigeria, which is an important market for the state's exporters.
Q: How is this data collected or calculated?
A: The data is collected by surveying businesses and compiling administrative records on export transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials use this data to monitor the health of Indiana's export sector and guide policies supporting trade with key markets like Nigeria.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required to survey businesses and compile the information.
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Official External Debt: Debtor Based for Nigeria
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Indiana (INNGAA475SCEN), retrieved from FRED.