Value of Exports to Dominica from Michigan
MIDMAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,095.00
Year-over-Year Change
2.24%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Dominica from Michigan' trend measures the total value of goods exported from the U.S. state of Michigan to the Caribbean island nation of Dominica. This metric is important for understanding regional trade patterns and the economic relationship between Michigan and its international trading partners.
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 dollar value of physical merchandise exported from Michigan to Dominica. It provides insight into the commercial flows and trade dynamics between these two geographic areas, which can inform policy decisions and business strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and economists use this metric to analyze Michigan's export performance and competitiveness in global markets.
Key Facts
- Michigan is the 8th largest exporting state in the U.S.
- Dominica is a small island nation in the Caribbean Sea.
- Exports support economic growth and job creation in Michigan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical goods exported from the U.S. state of Michigan to the Caribbean nation of Dominica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Michigan and Dominica, which can inform economic policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze Michigan's export performance and competitiveness in global markets.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric does not capture all economic activity between the two regions.
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Citation
U.S. Federal Reserve, Value of Exports to Dominica from Michigan (MIDMAA052SCEN), retrieved from FRED.