Value of Exports to Lao People's Democratic Republic from Michigan
MILAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
982,546.00
Year-over-Year Change
8145.60%
Date Range
1/1/2009 - 1/1/2014
Summary
This economic trend measures the value of exports from the state of Michigan to the Lao People's Democratic Republic. It provides insights into trade dynamics between the U.S. and a developing Southeast Asian 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
The Value of Exports to Lao People's Democratic Republic from Michigan is an economic indicator that tracks the dollar value of merchandise goods shipped from Michigan to the Lao PDR. It offers a window into the trade relationship between the U.S. state and this landlocked nation in the Mekong region.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This trend is used by economists, policymakers, and businesses to monitor trade flows and assess the impact of economic policies.
Key Facts
- Michigan is a top U.S. exporting state.
- Lao PDR is a landlocked country in Southeast Asia.
- Exports support jobs and economic growth in both regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise goods exported from the U.S. state of Michigan to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the trade relationship between Michigan and a developing Southeast Asian economy, which is relevant for understanding regional economic dynamics and the impact of policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and businesses to monitor trade flows and assess the impact of economic policies on exports.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from Michigan (MILAOA052SCEN), retrieved from FRED.