Number of Identified Exporters to Saint Vincent and the Grenadines from Michigan
MIVCTA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
125.00%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of identified exporters from the U.S. state of Michigan to Saint Vincent and the Grenadines. It provides insight into the trade and economic relationship between these regions.
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 Saint Vincent and the Grenadines from Michigan is a data series that tracks the count of unique businesses located in Michigan that export goods to the Caribbean island nation of Saint Vincent and the Grenadines. This metric is used by economists and policymakers to analyze patterns in regional trade flows.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Michigan-based companies.
Historical Context
This trend is relevant for understanding Michigan's export activity and economic integration with the Caribbean market.
Key Facts
- Michigan exported over $1.2 million in goods to Saint Vincent and the Grenadines in 2021.
- The number of identified Michigan exporters to Saint Vincent and the Grenadines has increased by 25% since 2015.
- Saint Vincent and the Grenadines is one of Michigan's smaller Caribbean trade partners.
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 export goods to the Caribbean island nation of Saint Vincent and the Grenadines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade and economic relationship between Michigan and Saint Vincent and the Grenadines, which is useful for economists, policymakers, and businesses analyzing regional trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Michigan-based companies.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand Michigan's export activity and economic integration with the Caribbean market, which can inform trade policies and investment decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric only captures identified exporters, which may not represent the full scope of trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saint Vincent and the Grenadines from Michigan (MIVCTA475SCEN), retrieved from FRED.