Number of Identified Exporters to Panama from Rhode Island
RIPANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
42.86%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Panama from Rhode Island' measures the count of unique businesses located in Rhode Island that exported goods to Panama. This trend is an important indicator of trade and economic activity 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 series tracks the number of distinct Rhode Island-based companies that reported exporting products to Panama. It provides insight into the scale and diversity of trade relationships between the two economies.
Methodology
The data is collected through mandatory exporter reporting to the U.S. Census Bureau.
Historical Context
This trend is closely monitored by trade analysts and policymakers to understand the dynamics of U.S. exports.
Key Facts
- Rhode Island exported over $100 million in goods to Panama in 2021.
- The number of identified Rhode Island exporters to Panama has grown by 25% since 2015.
- Top Rhode Island exports to Panama include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in Rhode Island that reported exporting goods to Panama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and diversity of trade relationships between Rhode Island and Panama, which is valuable for understanding regional economic activity and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through mandatory exporter reporting to the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by trade analysts and policymakers to understand the state of U.S. exports and the economic relationship between Rhode Island and Panama.
Q: Are there update delays or limitations?
A: The data is subject to a reporting lag, with the most recent figures typically available within 6 months of the reference period.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Panama from Rhode Island (RIPANA475SCEN), retrieved from FRED.