Value of Exports to Nauru from New Jersey
NJNRUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,015.00
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 1/1/2005
Summary
The 'Value of Exports to Nauru from New Jersey' series tracks the dollar value of goods and services exported from the U.S. state of New Jersey to the island nation of Nauru. This metric provides insight into trade dynamics between these two locations.
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 represents the total value of all exported products and services originating from the state of New Jersey and destined for Nauru. It is an important indicator of the commercial relationship and economic activity between these two jurisdictions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists analyze this export value trend to understand the strength of trade ties and economic interdependence between New Jersey and Nauru.
Key Facts
- New Jersey is a major exporting state in the U.S.
- Nauru is a small island country in the South Pacific.
- Export values can fluctuate due to currency exchange rates and global demand.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods and services exported from the U.S. state of New Jersey to the island nation of Nauru.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insight into the trade relationship and economic interdependence between New Jersey and Nauru, which is relevant for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this export value trend to understand the strength of trade ties and commercial activity between New Jersey and Nauru.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric can be influenced by factors like currency exchange rates and global demand.
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Citation
U.S. Federal Reserve, Value of Exports to Nauru from New Jersey (NJNRUA052SCEN), retrieved from FRED.