Number of Identified Exporters to Andorra from Michigan
MIANDA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The Number of Identified Exporters to Andorra from Michigan measures the count of Michigan-based companies that export goods or services to the European country of Andorra. This metric is important for understanding the trade relationships and economic activity between the state of Michigan and Andorra.
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 unique exporters located in Michigan that are identified as shipping products or services to Andorra. It provides insight into the scale and diversity of trade flows 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 metric to assess Michigan's export performance and commercial ties with Andorra.
Key Facts
- Michigan exported $X.XX billion to Andorra in the latest year.
- The number of identified Michigan exporters to Andorra has grown by Y% over the past 5 years.
- Andorra ranks Zth among Michigan's export destinations.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique businesses located in Michigan that are identified as exporting goods or services to the country of Andorra.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and growth of trade relationships between Michigan's economy and Andorra, which is useful for policymakers, trade analysts, and businesses.
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 metric to assess Michigan's export performance and commercial ties with Andorra, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data, and the identification of exporters is subject to some statistical uncertainty.
Related Trends
Number of Identified Exporters to Andorra from California
CAANDA475SCEN
Value of Exports to Andorra from Texas
TXANDA052SCEN
Number of Identified Exporters to Andorra from Virginia
VAANDA475SCEN
Value of Exports to Andorra from Pennsylvania
PAANDA052SCEN
Number of Identified Exporters to Andorra from New Hampshire
NHANDA475SCEN
Value of Exports to Andorra from Kentucky
KYANDA052SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Andorra from Michigan (MIANDA475SCEN), retrieved from FRED.