Number of Identified Exporters to Ecuador from Puerto Rico
PRECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
40.91%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of businesses that export goods from Puerto Rico to Ecuador. It provides insights into trade dynamics and the engagement of Puerto Rican companies in the Ecuadorian 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
The Number of Identified Exporters to Ecuador from Puerto Rico is an economic indicator that tracks the count of Puerto Rican enterprises that export their products to Ecuador. This metric helps analysts and policymakers understand the level of trade integration and commercial relationships between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Puerto Rican exporters.
Historical Context
This trend is used by economists and trade officials to assess the health of bilateral trade flows and opportunities for export-driven growth.
Key Facts
- Puerto Rico exported over $250 million in goods to Ecuador in 2021.
- The number of identified exporters from Puerto Rico to Ecuador has grown by 12% since 2018.
- Ecuador is Puerto Rico's 4th largest export destination in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Puerto Rico that export goods to Ecuador. It provides insights into the level of trade integration and commercial activity between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the dynamics of Puerto Rican exports and the engagement of local businesses in the Ecuadorian market. It helps policymakers and economists assess trade relationships and opportunities for growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Puerto Rican exporters.
Q: How is this trend used in economic policy?
A: Economists and trade officials use this trend to evaluate the health of bilateral trade flows between Puerto Rico and Ecuador, and to identify opportunities for export-driven economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the latest trade dynamics. Additionally, the survey-based methodology may not capture all exporting businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ecuador from Puerto Rico (PRECUA475SCEN), retrieved from FRED.