Value of Exports to Guinea from Minnesota
MNGINA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
295,730.00
Year-over-Year Change
237.72%
Date Range
1/1/2007 - 1/1/2017
Summary
The 'Value of Exports to Guinea from Minnesota' series measures the total value of goods and services exported from the U.S. state of Minnesota to the West African country of Guinea. This metric is important for economists and policymakers to understand trade dynamics and regional economic relationships.
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 monetary value of all products and services that originate in Minnesota and are sold to customers or end-users in Guinea. It provides insight into the commercial activity and trade flows between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
This metric is used by trade analysts and economic development agencies to assess Minnesota's export performance and commercial engagement with the Guinean market.
Key Facts
- Minnesota exported $4.2 million worth of goods to Guinea in 2021.
- The top export categories from Minnesota to Guinea are agricultural products and machinery.
- Guinea accounts for less than 0.1% of total exports from the state of Minnesota.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total monetary value of goods and services exported from the U.S. state of Minnesota to the country of Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and commercial activity between Minnesota and the Guinean market, which is relevant for economic development, policy, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: This export data is used by trade analysts, economic development agencies, and policymakers to assess Minnesota's export performance and engagement with the Guinean market.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data due to the time required for collection and publication by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Guinea from Minnesota (MNGINA052SCEN), retrieved from FRED.