Number of Identified Exporters to Nigeria from Louisiana
LANGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
211.00
Year-over-Year Change
80.34%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Nigeria from Louisiana tracks the total number of businesses in Louisiana that export goods to Nigeria. This metric provides insights into the economic ties between Louisiana and the Nigerian market.
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 measures the count of unique Louisiana-based companies that have reported exporting products to Nigeria. It offers a quantitative view of the commercial relationships and trade flows between Louisiana and Nigeria, which are important trade partners.
Methodology
The data is collected through surveys of Louisiana businesses by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess the health of Louisiana's export economy and its engagement with key international markets.
Key Facts
- Louisiana is a major exporting state, accounting for over $55 billion in exports annually.
- Nigeria is one of Louisiana's top 10 export destinations.
- The number of Louisiana exporters to Nigeria has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in Louisiana that have reported exporting goods to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationships and trade flows between Louisiana and the important Nigerian market, which is crucial for understanding the state's export economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Louisiana businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of Louisiana's export economy and its engagement with key international markets like Nigeria.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, so it may not reflect the most current trade conditions.
Related Trends
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Number of Identified Exporters to Nigeria from Alabama
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Bank Deposits to GDP for Nigeria
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Number of Bank Accounts for Nigeria
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Value of Exports to Nigeria from North Carolina
NCNGAA052SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Louisiana (LANGAA475SCEN), retrieved from FRED.