Value of Exports to Colombia from Nevada
NVCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,894,272.00
Year-over-Year Change
483.08%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Nevada' series measures the total value of goods and services exported from the state of Nevada to the country of Colombia. This metric is important for economists and policymakers to track regional trade dynamics and the impacts of trade agreements.
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 monetary value of all products and services exported from Nevada businesses to the Colombian market. It is a key indicator of Nevada's participation in international trade and can signal changes in the state's economic relationships and competitiveness.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Nevada exporters.
Historical Context
Analysts and policymakers use this metric to assess Nevada's export performance and the state's broader economic ties with Colombia.
Key Facts
- Nevada exported $XXX million in goods and services to Colombia in 20XX.
- Colombia was Nevada's Xth largest export destination in 20XX.
- Nevada's exports to Colombia have grown by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of goods and services exported from the state of Nevada to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Nevada's participation in international trade and the strength of its economic relationship with Colombia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Nevada-based exporters.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this series to assess Nevada's export performance and the state's broader economic ties with Colombia.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in data availability, and the series does not capture all types of cross-border transactions.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Nevada (NVCOLA052SCEN), retrieved from FRED.