Value of Exports to Namibia from Minnesota
MNNAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,417,211.00
Year-over-Year Change
651.97%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Namibia from Minnesota' series measures the total value of goods and services exported from the U.S. state of Minnesota to the African country of Namibia. This metric is useful for analyzing trade flows and economic relationships between 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
This economic indicator represents the dollar value of all products and services shipped from Minnesota to Namibia over a given time period. It provides insight into the commercial ties and trade dynamics between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other official international trade records.
Historical Context
Policymakers and market analysts use this series to gauge the strength of Minnesota's export sector and its engagement with the Namibian market.
Key Facts
- Minnesota's exports to Namibia totaled $X.XX million in the most recent year.
- Namibia ranked Xth among Minnesota's export destinations in the latest period.
- The value of Minnesota's exports to Namibia has [increased/decreased] by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of all goods and services exported from the U.S. state of Minnesota to the country of Namibia over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and commercial ties between Minnesota's economy and the Namibian market, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other official international trade records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to gauge the strength of Minnesota's export sector and its engagement with the Namibian market, which can inform trade policies, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for customs processing and compilation by statistical agencies.
Related Trends
Real Effective Exchange Rate as Based on Consumer Price Index for Namibia
NAMEREERIX
Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Namibia
DDAI04NAA156NWDB
Official External Debt: Debtor Based for Namibia
NAMDGGDPPT
Value of Exports to Namibia from Iowa
IANAMA052SCEN
Consumer Prices at End of Period for Namibia
NAMPCPIEOPPCPPPT
Bank Non-Performing Loans to Gross Loans for Namibia
DDSI02NAA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to Namibia from Minnesota (MNNAMA052SCEN), retrieved from FRED.