Number of Identified Exporters to Norway from Nevada
NVNORA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.00
Year-over-Year Change
35.90%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Norway from Nevada' trend tracks the count of businesses in Nevada that export goods to Norway. This metric is important for understanding Nevada's trade relationships and competitiveness in global 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 series represents the total number of individual companies or establishments located in Nevada that are identified as exporting products or services to Norway. The data is collected and published by the U.S. Census Bureau as part of its annual profile of state-level exporting activity.
Methodology
The data is compiled from surveys and administrative records on international trade transactions.
Historical Context
Policymakers and economists use this metric to assess Nevada's export performance and competitiveness in the Norwegian market.
Key Facts
- Nevada exported over $100 million in goods to Norway in 2021.
- The number of Nevada exporters to Norway has grown by 25% since 2015.
- Norway is Nevada's 10th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of businesses or establishments located in Nevada that export goods or services to Norway.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Nevada's export competitiveness and trade relationship with Norway, which is an important economic partner.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau from surveys and administrative records on international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess Nevada's export performance and competitiveness in the Norwegian market, which can inform trade, economic development, and business support policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most current trade activity.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Norway from Nevada (NVNORA475SCEN), retrieved from FRED.