Value of Exports to Congo from Michigan
MICOGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212,693.00
Year-over-Year Change
1233.08%
Date Range
1/1/2003 - 1/1/2015
Summary
The 'Value of Exports to Congo from Michigan' trend measures the dollar value of goods and services exported from the U.S. state of Michigan to the Democratic Republic of the Congo. This metric is a key indicator of trade flows 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 economic series tracks the total value of exports, including both goods and services, originating from Michigan businesses and consumers and destined for the Congo market. Economists and policymakers use this data to assess the strength of trade relationships and identify opportunities for expanding commercial ties between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Monitoring state-level export trends can inform decisions around trade policy, investment attraction, and economic development programs.
Key Facts
- Michigan is a major manufacturing hub in the U.S.
- The Congo is an emerging market with growing consumer demand.
- Exports support thousands of jobs in Michigan's economy.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Congo from Michigan' tracks the total dollar value of goods and services exported from the U.S. state of Michigan to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the trade relationship between Michigan and the Congo, which can inform economic policies, investment decisions, and strategies for expanding commercial ties.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms in Michigan.
Q: How is this trend used in economic policy?
A: State-level export data like this can help guide decisions around trade agreements, export promotion programs, and other policies aimed at supporting local businesses and growing regional economies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series may not capture all informal or unreported trade activity between Michigan and the Congo.
Related Trends
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Congo
COGFCAODCSPNUM
Number of Identified Exporters to Congo from Florida
FLCOGA475SCEN
Number of Identified Exporters to Congo from Nevada
NVCOGA475SCEN
Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Congo
IDS1YMAORIGGCG
Real Non-Oil GDP for Congo, Republic of
COGNGDPXORPCPPPT
Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Congo
DDAI04CGA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to Congo from Michigan (MICOGA052SCEN), retrieved from FRED.