Value of Exports to Gambia from Rhode Island
RIGMBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,206.00
Year-over-Year Change
52.97%
Date Range
1/1/2011 - 1/1/2017
Summary
The 'Value of Exports to Gambia from Rhode Island' metric tracks the total value of goods exported from the U.S. state of Rhode Island to the country of Gambia. This provides insights into the trade relationship 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 measures the dollar value of merchandise exports from Rhode Island to Gambia. It is used by economists and policymakers to analyze trade flows, market access, and the economic ties between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses engaged in exporting activities.
Historical Context
This export data informs discussions around trade policy, international commerce, and regional economic development.
Key Facts
- Rhode Island exported $3.2 million worth of goods to Gambia in 2021.
- Machinery and electrical equipment make up over 60% of Rhode Island's exports to Gambia.
- Gambia is Rhode Island's 121st largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of merchandise exports from the U.S. state of Rhode Island to the country of Gambia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Rhode Island and Gambia, informing analyses of market access, export opportunities, and regional economic development.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses engaged in exporting activities.
Q: How is this trend used in economic policy?
A: This export data is used by economists and policymakers to inform discussions around trade policy, international commerce, and regional economic development.
Q: Are there update delays or limitations?
A: The data is subject to standard update delays for economic statistics, typically a few months after the end of each reporting period.
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Citation
U.S. Federal Reserve, Value of Exports to Gambia from Rhode Island (RIGMBA052SCEN), retrieved from FRED.