Number of Identified Exporters to Bermuda from Rhode Island
RIBMUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
20.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Bermuda from the U.S. state of Rhode Island. It provides insights into Rhode Island's trade relationships and export activity.
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 Bermuda from Rhode Island series tracks the count of Rhode Island-based companies that export goods or services to the island nation of Bermuda. This metric is useful for analyzing Rhode Island's economic ties and trade patterns with Bermuda.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to understand Rhode Island's export dynamics and commercial relationships.
Key Facts
- Rhode Island exported $72.3 million in goods to Bermuda in 2021.
- The number of identified Rhode Island exporters to Bermuda peaked at 171 in 2015.
- Bermuda was the 37th largest export destination for Rhode Island in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of identified companies based in Rhode Island that export goods or services to Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Rhode Island's trade relationships and export activity, which is useful for policymakers and economists analyzing the state's economic performance and international commerce.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand Rhode Island's export dynamics and commercial relationships, which can inform trade policies, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend may not capture all exporting activity due to the challenges of identifying and surveying all exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bermuda from Rhode Island (RIBMUA475SCEN), retrieved from FRED.