Value of Exports to Dominica from Mississippi
MSDMAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
558,366.00
Year-over-Year Change
558.88%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Dominica from Mississippi' series measures the total value of goods and services exported from the U.S. state of Mississippi to the Caribbean island nation of Dominica. This metric is important for understanding trade flows and economic relationships between U.S. states and foreign countries.
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 value of all physical goods and intangible services that are produced in Mississippi and then sold to customers or businesses in Dominica. It provides insights into the commercial activities and economic ties between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into state-level export statistics.
Historical Context
Policymakers and trade analysts use this data to assess the importance of Dominica as an export market for Mississippi businesses and producers.
Key Facts
- Mississippi exported $7.2 million in goods and services to Dominica in 2021.
- Dominica ranks 58th among destinations for Mississippi's international exports.
- Top Mississippi exports to Dominica include machinery, agricultural products, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Mississippi to the Caribbean nation of Dominica.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship and economic ties between Mississippi and Dominica, which is important for understanding state-level export activity and patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into state-level export statistics.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to assess the importance of Dominica as an export market for Mississippi businesses and producers.
Q: Are there update delays or limitations?
A: The data is published with a few months' delay and may not capture all export activity, but it provides a reliable indicator of state-level trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Dominica from Mississippi (MSDMAA052SCEN), retrieved from FRED.