Value of Exports to Papua New Guinea from New Jersey
NJPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,011,386.00
Year-over-Year Change
1657.44%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Papua New Guinea from New Jersey' series tracks the dollar value of goods and services exported from the U.S. state of New Jersey to the country of Papua New Guinea. This metric is important for understanding trade flows and economic relationships between regional economies.
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 represents the monetary value of all products and services exported from the state of New Jersey to the nation of Papua New Guinea. It is used by economists, policymakers, and businesses to analyze trade patterns, identify growth opportunities, and assess the economic relationship between these two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This export value data informs trade policy decisions and business strategies related to the New Jersey-Papua New Guinea economic corridor.
Key Facts
- New Jersey is a leading U.S. exporting state.
- Papua New Guinea is an emerging market in the Pacific region.
- Exports support jobs and economic growth in both regions.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monetary value of goods and services exported from the U.S. state of New Jersey to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This export value data is important for understanding trade flows, identifying growth opportunities, and assessing the economic relationship between New Jersey and Papua New Guinea.
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 declarations.
Q: How is this trend used in economic policy?
A: This export value data informs trade policy decisions and business strategies related to the New Jersey-Papua New Guinea economic corridor.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insights into this regional trade relationship.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from New Jersey (NJPNGA052SCEN), retrieved from FRED.