Number of Identified Exporters to Nicaragua from New Jersey
NJNICA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.00
Year-over-Year Change
110.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nicaragua from New Jersey' metric tracks the volume of export activity between New Jersey and Nicaragua, providing insights into trade dynamics and regional economic ties.
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 count of unique business entities located in New Jersey that have reported exporting goods or services to Nicaragua. It serves as an indicator of the commercial relationship and integration between the two economies.
Methodology
The data is collected through mandatory business reporting and customs declarations.
Historical Context
This trend is monitored by policymakers and international trade analysts to assess the health of bilateral trade flows.
Key Facts
- New Jersey is a major U.S. exporting state.
- Nicaragua is an important trading partner for many U.S. states.
- Export activity can indicate the strength of economic ties between regions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique businesses located in New Jersey that have reported exporting goods or services to Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial relationship and trade dynamics between New Jersey and Nicaragua, which is valuable for policymakers and international trade analysts.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business reporting and customs declarations.
Q: How is this trend used in economic policy?
A: This trend is monitored by policymakers and trade analysts to assess the health of bilateral trade flows between regions and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in reporting and potential undercounting of smaller exporters, but the data provides a reliable indicator of broader trade patterns.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nicaragua from New Jersey (NJNICA475SCEN), retrieved from FRED.