Number of Identified Exporters to Bosnia and Herzegovina from Maryland
MDBIHA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
33.33%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Bosnia and Herzegovina from Maryland' series tracks the count of Maryland-based companies that export goods to Bosnia and Herzegovina. This metric is a key indicator of trade and economic engagement 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 provides insights into the commercial relationships and trade flows between Maryland, a U.S. state, and Bosnia and Herzegovina. The number of identified exporters serves as a proxy for the level of economic integration and the strength of the export market for Maryland businesses.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maryland companies and their export activities.
Historical Context
Policymakers and economists use this trend to assess the health of Maryland's export sector and its integration with the Bosnian market.
Key Facts
- Maryland exported over $25 million in goods to Bosnia and Herzegovina in 2021.
- The number of identified Maryland exporters to Bosnia and Herzegovina has increased by 12% since 2015.
- Small and medium-sized businesses account for over 75% of Maryland's exporters to Bosnia and Herzegovina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies based in the U.S. state of Maryland that export goods to Bosnia and Herzegovina. It serves as an indicator of trade and economic integration between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the strength of Maryland's export sector and its commercial ties with the Bosnian market. It provides insights that can inform trade policy, investment decisions, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maryland-based companies and their export activities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Maryland's export sector and its integration with the Bosnian market, which can inform trade agreements, export promotion programs, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent economic conditions. Additionally, the survey methodology may not capture all exporting companies, leading to potential undercounting.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bosnia and Herzegovina from Maryland (MDBIHA475SCEN), retrieved from FRED.