Number of Identified Exporters to Saudi Arabia from Nevada
NVSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.00
Year-over-Year Change
148.48%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from Nevada' series tracks the number of businesses in Nevada that export goods and services to Saudi Arabia. This metric provides insight into Nevada's trade relationships and economic connections with the global market.
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 represents the number of unique companies based in Nevada that are identified as exporting products or services to Saudi Arabia. It offers a snapshot of Nevada's export activity and engagement with one of the world's major economic powers.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this series to evaluate Nevada's trade patterns and international competitiveness.
Key Facts
- Nevada exported $78 million in goods to Saudi Arabia in 2021.
- The number of identified Nevada exporters to Saudi Arabia has grown by 12% since 2015.
- The top Nevada exports to Saudi Arabia are machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of businesses located in Nevada that are identified as exporting goods or services to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Nevada's trade relationships and engagement with the global economy, which is important for understanding the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to evaluate Nevada's trade patterns and international competitiveness, which can inform decisions on economic development, trade policies, and support for local businesses.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the series only captures identified exporters, which may not represent the full scope of Nevada's trade activity with Saudi Arabia.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from Nevada (NVSAUA475SCEN), retrieved from FRED.