Number of Identified Exporters to Somalia from New Jersey
NJSOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
300.00%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Somalia from New Jersey' metric tracks the count of businesses located in New Jersey that export goods to Somalia. This data point is valuable for understanding trade patterns and economic ties between U.S. regions and foreign markets.
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 economic indicator provides insight into the commercial relationships between the state of New Jersey and the East African nation of Somalia. The data can be used to analyze trends in export activity, identify key industries, and assess the impact of economic policies or geopolitical events on trade flows.
Methodology
The data is collected through surveys of businesses in New Jersey to determine the number actively exporting to Somalia.
Historical Context
This metric is relevant for policymakers, trade analysts, and businesses seeking to understand regional trade dynamics.
Key Facts
- New Jersey is a major exporting state in the U.S.
- Somalia is an emerging market with growing trade ties.
- Exporting firms contribute significantly to local economies.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in New Jersey that are actively exporting goods to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between New Jersey and Somalia, which is valuable for understanding regional economic dynamics and the impact of policies on cross-border commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in New Jersey to determine the number actively exporting to Somalia.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts can use this metric to evaluate the effectiveness of initiatives aimed at promoting exports and strengthening economic ties between U.S. regions and foreign markets.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and the survey methodology could miss some smaller or informal exporters.
Related Trends
Number of Identified Exporters to Somalia from New York
NYSOMA475SCEN
Infant Mortality Rate for Somalia
SPDYNIMRTINSOM
Value of Exports to Somalia from Illinois
ILSOMA052SCEN
People 15 Years and Over with Account at a Formal Financial Institution for Somalia
DDAI05SOA156NWDB
Value of Exports to Somalia from Florida
FLSOMA052SCEN
Number of Identified Exporters to Somalia from District of Columbia
DCSOMA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from New Jersey (NJSOMA475SCEN), retrieved from FRED.