Number of Identified Exporters to Somalia from Puerto Rico
PRSOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2004
Summary
The 'Number of Identified Exporters to Somalia from Puerto Rico' measures the volume of export activity between Puerto Rico and Somalia. This metric is important for understanding trade dynamics and economic ties 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 economic trend tracks the number of distinct companies or individuals that have exported goods from Puerto Rico to Somalia over a given time period. It provides insight into the scale and diversity of trade relationships between the two locations.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts use this metric to assess the health of commercial links between Puerto Rico and Somalia.
Key Facts
- Puerto Rico exported over $2.5 million in goods to Somalia in 2021.
- The number of identified exporters has increased by 12% over the past 3 years.
- Pharmaceuticals and medical equipment are top export categories from Puerto Rico to Somalia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of distinct companies or individuals that have exported goods from Puerto Rico to Somalia over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and diversity of trade relationships between Puerto Rico and Somalia, which is relevant for understanding regional economic dynamics and commercial ties.
Q: How is this data collected or calculated?
A: The data is collected through customs and trade reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health of commercial links between Puerto Rico and Somalia, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month lag in reporting.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Puerto Rico (PRSOMA475SCEN), retrieved from FRED.