Value of Exports to Nicaragua from Indiana
INNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,591,586.00
Year-over-Year Change
119.64%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from Indiana' measures the dollar value of goods and services exported from the U.S. state of Indiana to Nicaragua. This economic indicator provides insights into trade dynamics and commercial activity 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
This series represents the monetary value of all products and services that originate in Indiana and are sold to customers or businesses located in Nicaragua. It is an important metric for analyzing trade flows, supply chain relationships, and the economic integration between the two areas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs declarations.
Historical Context
Policymakers and market analysts use this indicator to evaluate Indiana's export performance and the state's commercial ties with Nicaragua.
Key Facts
- Indiana's exports to Nicaragua totaled $75.3 million in 2021.
- Top export categories include machinery, chemicals, and transportation equipment.
- Nicaragua is Indiana's 45th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total dollar value of goods and services exported from the U.S. state of Indiana to Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and commercial activity between Indiana and Nicaragua, which is important for evaluating regional economic performance and integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this indicator to assess Indiana's export performance and the state's commercial ties with Nicaragua.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may be subject to revisions based on updated information from exporters and customs authorities.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Indiana (INNICA052SCEN), retrieved from FRED.