Number of Identified Exporters to Ireland from Minnesota
MNIRLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
336.00
Year-over-Year Change
-0.30%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ireland from Minnesota' trend measures the count of Minnesota-based companies that export goods and services to Ireland. This metric is important for analyzing trade patterns and regional economic 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
This series tracks the number of unique Minnesota businesses that have reported exporting to Ireland in a given year. It provides insight into the scale and diversity of export-oriented firms in the state and can inform trade policy and investment decisions.
Methodology
The data is collected by the U.S. Census Bureau through mandatory surveys of businesses.
Historical Context
Policymakers and trade organizations use this metric to monitor Minnesota's export competitiveness and integration with the Irish market.
Key Facts
- Minnesota exported over $700 million in goods to Ireland in 2021.
- The number of identified Minnesota exporters to Ireland has grown by 20% since 2015.
- Ireland is Minnesota's 5th largest export destination in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique Minnesota-based companies that reported exporting goods or services to Ireland in a given year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and diversity of Minnesota's export-oriented businesses and can inform trade policy, investment decisions, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade organizations use this metric to monitor Minnesota's export competitiveness and integration with the Irish market.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately 12-18 months.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ireland from Minnesota (MNIRLA475SCEN), retrieved from FRED.