Number of Identified Exporters to Bermuda from Michigan
MIBMUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.00
Year-over-Year Change
21.05%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Bermuda from Michigan' trend measures the quantity of businesses located in Michigan that are exporting goods or services to Bermuda. This provides insight into trade dynamics 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 number of unique exporting firms from the state of Michigan that have been identified as shipping products or services to Bermuda. It offers a quantitative view of economic activity and trade flows between the two locations.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this trend to understand Michigan's export market and commercial relationships.
Key Facts
- Michigan exported $X.X billion in goods to Bermuda in 20XX.
- The number of identified exporters has increased/decreased by Y% since 20XX.
- Top exports from Michigan to Bermuda include [product categories].
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in Michigan that have been identified as exporting goods or services to Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Michigan and Bermuda, which is useful for policymakers, economists, and businesses seeking to understand regional export dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to monitor and understand Michigan's export markets and trade relationships, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a delay of approximately X months, and may not capture all exporting firms due to limitations in data collection.
Related Trends
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Value of Exports to Bermuda from Florida
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bermuda from Michigan (MIBMUA475SCEN), retrieved from FRED.