Number of Identified Exporters to Belgium from Rhode Island
RIBELA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.00
Year-over-Year Change
-3.45%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters located in Rhode Island that export goods to Belgium. It provides insights into the state's trade relationships and engagement in the global economy.
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 Belgium from Rhode Island trend tracks the count of companies based in Rhode Island that are exporting products to the Belgian market. This data point is used by economists and policymakers to analyze the state's export activity and trade dynamics.
Methodology
The data is collected by the U.S. Census Bureau through surveys and trade documentation.
Historical Context
This trend is relevant for understanding Rhode Island's economic connections and competitiveness in international markets.
Key Facts
- Rhode Island exported over $300 million worth of goods to Belgium in 2021.
- The number of identified Rhode Island exporters to Belgium has increased by 12% since 2015.
- Belgium is Rhode Island's 5th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies located in Rhode Island that are identified as exporting goods to Belgium.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into Rhode Island's trade relationships and engagement in the global economy, which is useful for economists, policymakers, and businesses analyzing economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and trade documentation.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand Rhode Island's export activity and trade dynamics, which can inform decisions related to economic development, trade agreements, and support for local businesses.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. Additionally, the data may not capture all exporting companies, particularly smaller or informal businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Belgium from Rhode Island (RIBELA475SCEN), retrieved from FRED.