Value of Exports to Nigeria from Puerto Rico
PRNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,023.00
Year-over-Year Change
-1.63%
Date Range
1/1/2004 - 1/1/2012
Summary
The 'Value of Exports to Nigeria from Puerto Rico' measures the dollar value of goods and services exported from Puerto Rico to Nigeria. This economic indicator provides insights into trade patterns and commercial relationships 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 represents the total value of all products and services exported from Puerto Rico to Nigeria. It is an important metric for understanding Puerto Rico's export activity and economic ties with major trading partners like Nigeria.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of Puerto Rican exporters.
Historical Context
This export value trend is closely watched by policymakers, trade analysts, and businesses to assess economic performance and identify opportunities for growth.
Key Facts
- Puerto Rico exported $XXX million in goods and services to Nigeria in the latest year.
- Exports to Nigeria account for X% of Puerto Rico's total international trade.
- The top exported products from Puerto Rico to Nigeria are [Product 1], [Product 2], and [Product 3].
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Nigeria from Puerto Rico' metric quantifies the total dollar value of all goods and services exported from Puerto Rico to Nigeria over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This export value trend provides important insights into trade dynamics and economic ties between Puerto Rico and a major international market like Nigeria. It is closely monitored by policymakers, trade experts, and businesses to assess performance and identify growth opportunities.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of Puerto Rican exporters.
Q: How is this trend used in economic policy?
A: Governments, trade organizations, and businesses use this export value data to inform economic policies, investment decisions, and strategies for expanding trade relationships between Puerto Rico and Nigeria.
Q: Are there update delays or limitations?
A: The export value data is typically published with a 1-2 month lag. There may also be limitations in fully capturing all trade activity, especially informal or unrecorded exports.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Puerto Rico (PRNGAA052SCEN), retrieved from FRED.