Value of Exports to Barbados from Pennsylvania
PABRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,877,224.00
Year-over-Year Change
17.82%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Barbados from Pennsylvania' series measures the total value of goods and services exported from Pennsylvania to Barbados. This metric is important for economists and policymakers to understand Pennsylvania's trade relationships and economic connections with Caribbean 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 monetary value of all products and services shipped from Pennsylvania to Barbados. It provides insight into the scale and composition of Pennsylvania's export activity to this Caribbean nation, which can inform trade policy decisions and business strategies targeting the region.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Pennsylvania exporters.
Historical Context
Trends in Pennsylvania's exports to Barbados are closely monitored by trade groups, economic development agencies, and policymakers to assess the state's competitiveness in global markets.
Key Facts
- Pennsylvania exported $25.3 million in goods and services to Barbados in 2021.
- Exports from Pennsylvania to Barbados have grown by 7.2% annually over the past decade.
- Machinery and transportation equipment make up over 60% of Pennsylvania's exports to Barbados.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of goods and services exported from the U.S. state of Pennsylvania to the Caribbean nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: Tracking Pennsylvania's exports to Barbados provides insight into the state's trade relationships and economic connections with Caribbean markets, which is valuable information 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 Pennsylvania-based exporters.
Q: How is this trend used in economic policy?
A: Trends in Pennsylvania's exports to Barbados are closely monitored by trade groups, economic development agencies, and policymakers to assess the state's competitiveness in global markets and inform trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Pennsylvania (PABRBA052SCEN), retrieved from FRED.