Number of Identified Exporters to Norway from Ohio
OHNORA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
285.00
Year-over-Year Change
7.55%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Norway from Ohio' tracks the count of businesses located in Ohio that are exporting goods and services to Norway. This metric provides insight into the trade dynamics between Ohio and one of its key international 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 number of unique companies based in Ohio that are actively exporting to Norway. It serves as an indicator of the strength and breadth of Ohio's trade relationships with the Norwegian economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and economic analysts use this metric to assess Ohio's export performance and competitiveness in the global marketplace.
Key Facts
- Ohio exported over $2 billion in goods to Norway in 2021.
- The number of identified Ohio exporters to Norway has grown by 25% since 2015.
- Manufacturing accounts for the largest share of Ohio's exports to Norway.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in the U.S. state of Ohio that are identified as exporting goods or services to Norway.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength and breadth of Ohio's trade relationships with the Norwegian economy, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Ohio's export performance and competitiveness in the global marketplace, which can inform decisions around trade policy, economic development, and business support programs.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Norway from Ohio (OHNORA475SCEN), retrieved from FRED.