Number of Identified Exporters to Papua New Guinea from Michigan
MIPNGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
57.14%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Papua New Guinea from the U.S. state of Michigan. It provides insight into Michigan's trade relationships and export activity.
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 Number of Identified Exporters to Papua New Guinea from Michigan metric tracks the count of unique businesses located in Michigan that reported exporting goods to Papua New Guinea. This data offers a proxy for the level of trade and economic integration between the two regions.
Methodology
The data is collected through mandatory business surveys and export declarations.
Historical Context
This trend is useful for analyzing Michigan's trade patterns and competitiveness in global markets.
Key Facts
- Michigan is a major exporting state in the U.S.
- Papua New Guinea is a developing economy in the South Pacific.
- Exporting supports economic growth and job creation in Michigan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the U.S. state of Michigan that reported exporting goods to Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and economic integration between Michigan and Papua New Guinea, which is useful for analyzing Michigan's export performance and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and export declaration forms.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to assess Michigan's export-oriented industries, identify trade barriers, and develop strategies to support the state's international competitiveness.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for businesses to submit surveys and export declarations.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Papua New Guinea from Michigan (MIPNGA475SCEN), retrieved from FRED.