Number of Identified Exporters to Guinea from Michigan
MIGINA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 1/1/2017
Summary
The Number of Identified Exporters to Guinea from Michigan measures the count of companies located in Michigan that export goods to Guinea. This metric provides insights into the trade relationship and economic ties between Michigan and the West African nation.
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 number of unique businesses based in Michigan that sell their products or services to customers in Guinea. It serves as an indicator of the commercial and economic activity between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Michigan-based companies.
Historical Context
Policymakers and economists analyze this trend to understand patterns in Michigan's international trade and export activity.
Key Facts
- Michigan is a major exporting state in the U.S.
- Guinea is a developing economy in West Africa.
- Exporting firms provide economic benefits to their local communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies located in the U.S. state of Michigan that export goods or services to the country of Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial relationship and trade flows between Michigan and the West African nation of Guinea, which is relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of companies based in Michigan.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to understand patterns in Michigan's international trade and export activity, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays due to the survey-based collection process, and may not capture all exporting activity from Michigan to Guinea.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Guinea from Michigan (MIGINA475SCEN), retrieved from FRED.