Number of Identified Exporters to Dominican Republic from Ohio
OHDOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
415.00
Year-over-Year Change
116.15%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Dominican Republic from Ohio' trend measures the total number of businesses based in Ohio that are exporting goods to the Dominican Republic. This data provides insight into Ohio's trade relationships and economic ties with the Dominican 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 series tracks the count of unique Ohio-based companies that have reported exporting products to the Dominican Republic. It serves as an indicator of the level of economic activity and commercial integration between Ohio and this Caribbean nation.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and customs records.
Historical Context
Policymakers and trade analysts use this metric to monitor Ohio's export performance and competitiveness in the Dominican market.
Key Facts
- Ohio exported over $250 million in goods to the Dominican Republic in 2021.
- The number of Ohio exporters to the Dominican Republic has grown by 25% since 2015.
- The Dominican Republic is Ohio's 4th largest export market in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses based in the U.S. state of Ohio that are actively exporting goods to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic relationship and trade flows between Ohio and the Dominican Republic, which is important for policymakers, businesses, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and customs records.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this metric to monitor Ohio's export performance and competitiveness in the Dominican market, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a several month delay in reporting the latest data due to the time required for businesses to submit surveys and for the Census Bureau to process the information.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominican Republic from Ohio (OHDOMA475SCEN), retrieved from FRED.