Value of Exports to Barbados from Nevada
NVBRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
253,725.00
Year-over-Year Change
1822.01%
Date Range
1/1/1997 - 1/1/2016
Summary
The Value of Exports to Barbados from Nevada measures the total dollar value of goods and services exported from the state of Nevada to the island nation of Barbados. This trend is relevant to economists and policymakers seeking to understand Nevada's international trade patterns and the economic relationship between the two regions.
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 tracks the value of all merchandise and services exported from Nevada to Barbados, including products from Nevada's key industries such as tourism, aerospace, and technology. Analyzing this data can provide insights into Nevada's export market diversification and the competitiveness of its products in the Caribbean region.
Methodology
The data is collected and reported by the U.S. Census Bureau through its export statistics program.
Historical Context
The Value of Exports to Barbados from Nevada is used by government agencies, trade associations, and businesses to assess Nevada's trade performance and identify opportunities for export growth.
Key Facts
- Nevada exported $16.2 million in goods and services to Barbados in 2021.
- Barbados ranked 106th among Nevada's export destinations in 2021.
- Nevada's top exports to Barbados include machinery, computers, and electronic products.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Barbados from Nevada measures the total dollar value of goods and services exported from the state of Nevada to the island nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Nevada's international trade patterns and the economic relationship between the state and the Caribbean region, which can inform business strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its export statistics program.
Q: How is this trend used in economic policy?
A: The Value of Exports to Barbados from Nevada is used by government agencies, trade associations, and businesses to assess Nevada's trade performance and identify opportunities for export growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological changes of the U.S. Census Bureau's export statistics program.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Nevada (NVBRBA052SCEN), retrieved from FRED.