Number of Identified Exporters to Philippines from Rhode Island
RIPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
-8.70%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Philippines from Rhode Island tracks the count of businesses based in Rhode Island that export to the Philippines. This metric provides insight into international trade and economic ties 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 measures the number of distinct Rhode Island-based companies that have reported exporting goods or services to the Philippines. It serves as an indicator of the level of economic activity and commercial relationships between the state of Rhode Island and the Philippines.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys.
Historical Context
Policymakers and economists analyze this trend to monitor the strength of Rhode Island's export market and trade with the Philippines.
Key Facts
- Rhode Island is one of the smallest U.S. states by area.
- The Philippines is an archipelago country in Southeast Asia.
- Exports support numerous jobs and economic activity in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of distinct businesses based in Rhode Island that have reported exporting goods or services to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength of trade and commercial ties between Rhode Island and the Philippines, which is valuable information for policymakers, businesses, and economists analyzing regional economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to monitor the health of Rhode Island's export market and trade relationship with the Philippines, which can inform decisions around economic development, trade policy, and international business support.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to the survey collection process, and the metric only captures businesses that have officially reported exporting, which may not reflect the full extent of trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from Rhode Island (RIPHLA475SCEN), retrieved from FRED.