Number of Identified Exporters to Hungary from North Carolina
NCHUNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.00
Year-over-Year Change
77.14%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Hungary from North Carolina tracks the count of businesses located in North Carolina that export to Hungary. This trend is important for understanding North Carolina's trade relationships and economic connections.
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 measures the number of distinct exporting enterprises in North Carolina that ship goods to Hungary. It provides insight into the commercial ties between the state and the Eastern European market, which is relevant for trade policy analysis and economic development planning.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. businesses.
Historical Context
Policymakers and trade analysts use this metric to gauge North Carolina's export activity and its engagement with the Hungarian economy.
Key Facts
- North Carolina is a major exporting state in the U.S.
- Hungary is an important trading partner for many U.S. states.
- Export data helps inform economic development strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in North Carolina that export goods to Hungary. It provides insight into the trade relationship between the state and the Eastern European market.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding North Carolina's export activity and economic connections with Hungary. It helps inform trade policy, economic development initiatives, and analysis of the state's global commercial engagement.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to gauge North Carolina's export relationships and its level of participation in the Hungarian market, which can inform economic development strategies and trade policy decisions.
Q: Are there update delays or limitations?
A: There may be some time lag in the availability of the latest data, as it relies on survey responses from businesses. The metric also only captures formal exporting enterprises and may not reflect all trade activity.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Hungary from North Carolina (NCHUNA475SCEN), retrieved from FRED.