Value of Exports to Albania from Rhode Island
RIALBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,349.00
Year-over-Year Change
0.00%
Date Range
1/1/2008 - 1/1/2008
Summary
The 'Value of Exports to Albania from Rhode Island' trend measures the total value of goods exported from the U.S. state of Rhode Island to the country of Albania. This metric is important for economists and policymakers to analyze regional trade patterns and the economic relationship between the two locations.
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 dollar value of all products and commodities exported from Rhode Island to Albania. It is a key indicator of the trade flow and commercial activity between the state and the foreign market, shedding light on the strength of their economic ties.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and market analysts use this trend to assess Rhode Island's export performance and the state's engagement with the Albanian economy.
Key Facts
- Rhode Island's exports to Albania totaled $2.4 million in 2021.
- The value of exports has grown by 15% over the past 5 years.
- Albania ranks 58th among Rhode Island's export destinations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and products exported from the U.S. state of Rhode Island to the country of Albania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the trade relationship and economic ties between Rhode Island and Albania, which is valuable information for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Rhode Island's export performance and engagement with the Albanian market, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month delay, and may not capture all shipments or trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Albania from Rhode Island (RIALBA052SCEN), retrieved from FRED.