Value of Exports to Benin from Louisiana
LABENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,103,598.00
Year-over-Year Change
237.88%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Benin from Louisiana' series measures the dollar value of goods and services exported from the U.S. state of Louisiana to the West African country of Benin. This metric is important for understanding trade relationships and economic 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 data series tracks the total monetary value of all products and services shipped from Louisiana to Benin, including agricultural goods, manufactured items, and other commodities. It provides insight into the commercial ties and economic interdependence between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this information to assess the strength of commercial partnerships and identify opportunities for expanding bilateral trade.
Key Facts
- Louisiana is a major exporting state in the United States.
- Benin is a developing country in West Africa.
- Trade between Louisiana and Benin has grown in recent years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of all products and services exported from the U.S. state of Louisiana to the country of Benin in West Africa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial ties and economic interdependence between Louisiana and Benin, which is useful for policymakers and trade analysts assessing bilateral trade relationships.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this information to assess the strength of commercial partnerships and identify opportunities for expanding bilateral trade between Louisiana and Benin.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting and may not capture all informal or unrecorded trade activity between the two regions.
Related Trends
Number of Identified Exporters to Benin from Colorado
COBENA475SCEN
Use of Financial Services: Key Indicators, Depositors/customers with All Microfinance Institutions (MFIs) Per 1000 Adults for Benin
BENFCDODMFANUM
Life Insurance Premium Volume to GDP for Benin
DDDI09BJA156NWDB
Value of Exports to Benin from North Carolina
NCBENA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCLODMFXDC
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Benin
BENFCBODUANUM
Citation
U.S. Federal Reserve, Value of Exports to Benin from Louisiana (LABENA052SCEN), retrieved from FRED.