Number of Identified Exporters to Canada from Rhode Island
RICANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
590.00
Year-over-Year Change
1.37%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Canada from Rhode Island' measures the total number of businesses located in Rhode Island that export goods to Canada. This metric provides insight into the trade relationship between Rhode Island and its northern neighbor.
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 volume of exporting activity from Rhode Island to Canada. It is an important indicator of the strength of international trade and commercial ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists analyze this trend to understand the competitive position of Rhode Island's exports and the state's broader economic integration with the Canadian market.
Key Facts
- Rhode Island exported over $700 million worth of goods to Canada in 2021.
- The number of identified Rhode Island exporters to Canada has increased by 20% since 2015.
- Canada is the top international destination for goods produced in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in Rhode Island that export goods to Canada. It provides insight into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the strength of international trade and commercial ties between Rhode Island and Canada. It is closely watched by policymakers and economists to understand the competitive position of Rhode Island's exports.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the broader economic integration between Rhode Island and the Canadian market, which can inform trade policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a lag of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Rhode Island (RICANA475SCEN), retrieved from FRED.