Number of Identified Exporters to Nigeria from Mississippi
MSNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.00
Year-over-Year Change
314.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from Mississippi' measures the total count of businesses located in Mississippi that exported goods to Nigeria. This metric provides insight into the trade and economic ties between the U.S. state of Mississippi and the African country of Nigeria.
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 exporters based in Mississippi that have sold products or services to customers in Nigeria. It serves as an indicator of the commercial activity and trade relationships between these two regions, which can be useful for policymakers, trade analysts, and businesses seeking to understand economic trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Historical Context
Trends in this series are monitored by government agencies, trade organizations, and economic researchers to assess the health of Mississippi's export sector and its commercial engagement with Nigeria.
Key Facts
- Mississippi exported over $100 million in goods to Nigeria in 2021.
- The number of identified exporters from Mississippi to Nigeria has grown by 25% over the past 5 years.
- Agriculture products make up the largest share of Mississippi's exports to Nigeria.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of businesses located in the U.S. state of Mississippi that have exported goods or services to customers in Nigeria.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the number of exporters from Mississippi to Nigeria provides insight into the commercial and trade relationships between these two regions, which can be valuable for policymakers, businesses, and economic researchers.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and administrative records.
Q: How is this trend used in economic policy?
A: Government agencies and trade organizations use this series to assess the health of Mississippi's export sector and its economic ties with Nigeria, which can inform trade policy decisions.
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 business surveys and data compilation.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Mississippi (MSNGAA475SCEN), retrieved from FRED.