Value of Exports to the Democratic Republic of the Congo from Nevada
NVCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,771.00
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
This economic trend measures the value of exports from the U.S. state of Nevada to the Democratic Republic of the Congo. It provides insights into Nevada's trade relationship with this African nation.
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
The Value of Exports to the Democratic Republic of the Congo from Nevada tracks the monetary worth of goods and services shipped from Nevada to the DRC. This metric is used by economists and policymakers to analyze Nevada's export activity and its economic ties with central Africa.
Methodology
The data is collected through customs declarations and surveys of Nevada-based exporters.
Historical Context
This trend is relevant for understanding Nevada's export-driven economic performance and the state's engagement with emerging African markets.
Key Facts
- Nevada's exports to the DRC totaled $5.2 million in 2021.
- Machinery and transportation equipment are top export categories.
- The DRC is Nevada's 135th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of exports from the U.S. state of Nevada to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Nevada's trade relationship with the DRC, which is important for understanding the state's export-driven economic performance and engagement with African markets.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of Nevada-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Nevada's export activity and its economic ties with central Africa.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all export activity due to limitations in reporting.
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Nevada (NVCODA052SCEN), retrieved from FRED.