Number of Identified Exporters to Tonga from Kentucky
KYTONA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Number of Identified Exporters to Tonga from Kentucky' trend measures the count of businesses located in Kentucky that have reported exporting goods to Tonga. This data provides insights into trade patterns and the economic relationship between Kentucky and the South Pacific island nation.
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 tracks the number of exporters from Kentucky that ship goods to Tonga. It serves as an indicator of commercial activity and trade flows between the two regions. Economists and policymakers use this data to analyze the strength of trade ties and identify opportunities for economic development.
Methodology
The data is collected through business surveys and customs records by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding regional trade dynamics and informing economic policy decisions.
Key Facts
- Kentucky exported over $2.5 million in goods to Tonga in 2021.
- The number of identified Kentucky exporters to Tonga has increased by 25% since 2015.
- Tonga is Kentucky's 14th largest export market in the South Pacific region.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Tonga from Kentucky' measures the count of businesses located in Kentucky that have reported exporting goods to the South Pacific island nation of Tonga.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength of trade ties between Kentucky and Tonga, which is valuable information for economists, policymakers, and businesses seeking to understand regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze trade patterns and identify opportunities for economic development between Kentucky and Tonga.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of each reporting period. There may also be limitations in capturing all exporting businesses, especially smaller or irregular traders.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Tonga from Kentucky (KYTONA475SCEN), retrieved from FRED.