Number of Identified Exporters to Dominica from Michigan
MIDMAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
40.00%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Dominica from Michigan' trend measures the count of companies in Michigan that export goods to the island nation of Dominica. This data provides insights into the trade relationships between the U.S. state and the Caribbean country.
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 Michigan-based companies that have been identified as exporting products to Dominica. It offers a proxy for the economic and commercial activity between the two locations and can be used to assess the strength of trade ties.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Historical Context
Policymakers and trade analysts monitor this trend to understand Michigan's export dynamics and the state's economic relationships within the Caribbean region.
Key Facts
- Michigan is a major exporting state in the U.S.
- Dominica is a small island nation in the Caribbean Sea.
- This data series dates back to 1997.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Dominica from Michigan' tracks the count of companies located in Michigan that export goods to the Caribbean nation of Dominica.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Michigan and Dominica, which can be useful for policymakers, economists, and businesses analyzing regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporting companies.
Q: How is this trend used in economic policy?
A: Governments and trade organizations monitor this metric to understand the strength of economic ties between Michigan and Dominica, which can inform policy decisions related to international commerce.
Q: Are there update delays or limitations?
A: This data series is published regularly by the U.S. Census Bureau, but there may be delays in the availability of the most recent figures.
Related Trends
General Government Revenue for Dominica
DMAGGRGDP
Value of Exports to Dominica from Nevada
NVDMAA052SCEN
General Government Net Lending/Borrowing for Dominica
DMAGGXCNLGDP
Value of Exports to Dominica from Kentucky
KYDMAA052SCEN
Value of Exports to Dominica from Maine
MEDMAA052SCEN
Bank Deposits to GDP for Dominica
DDOI02DMA156NWDB
Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominica from Michigan (MIDMAA475SCEN), retrieved from FRED.