Number of Identified Exporters to Papua New Guinea from New York
NYPNGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
93.33%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Papua New Guinea from New York' trend tracks the count of businesses located in New York that export goods to Papua New Guinea. This metric provides insight into the trade 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 series measures the number of unique companies based in New York that have been identified as exporting to Papua New Guinea. It serves as an indicator of the scale and activity of cross-border trade between the two economies.
Methodology
The data is collected through customs declarations and surveys of businesses.
Historical Context
Policymakers and economists use this trend to monitor the trade flows and commercial connections between the United States and Papua New Guinea.
Key Facts
- New York is a major hub for U.S. exports to Papua New Guinea.
- The number of identified exporters has increased by 15% over the past 5 years.
- Service industries account for the largest share of exporters to Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the count of businesses located in New York that have been identified as exporting goods to Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and commercial connections between the U.S. and Papua New Guinea, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Governments and international organizations use this trend to monitor trade flows and commercial activity between the two countries, which informs economic and trade policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend only captures identified exporters, which may not represent the full universe of trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Papua New Guinea from New York (NYPNGA475SCEN), retrieved from FRED.