Value of Exports to Costa Rica from Michigan
MICRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,615,345.00
Year-over-Year Change
136.55%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Michigan' series measures the total dollar value of goods and services exported from the state of Michigan to Costa Rica. This metric is important for economists and policymakers to assess Michigan's international trade relationships and competitiveness.
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 represents the dollar value of all products and services shipped from Michigan to customers and businesses in Costa Rica. It is a key indicator of Michigan's export activity and trade balance with this important Latin American market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and trade analysts use this metric to monitor Michigan's economic ties with Costa Rica and the broader trends in U.S. state-level exports.
Key Facts
- Michigan is one of the top exporting states to Costa Rica.
- Exports to Costa Rica make up a small but growing share of Michigan's total international trade.
- The value of Michigan's exports to Costa Rica has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Michigan to the country of Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess Michigan's international trade relationships and competitiveness in a key Latin American market.
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 declarations.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor Michigan's economic ties with Costa Rica and the broader trends in U.S. state-level exports.
Q: Are there update delays or limitations?
A: The data may have a short delay in reporting compared to real-time trade activity.
Related Trends
Value of Exports to Costa Rica from Arkansas
ARCRIA052SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Costa Rica
CRICP040400GYM
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Costa Rica
CRIIRLTLT01STM
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Costa Rica
CRIFCLODCXDC
Bank's Return on Assets for Costa Rica
DDEI05CRA156NWDB
Bank Credit to Bank Deposits for Costa Rica
DDSI04CRA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Michigan (MICRIA052SCEN), retrieved from FRED.