Value of Exports to El Salvador from Rhode Island
RISLVA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,751,463.00
Year-over-Year Change
1812.96%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the value of exports from the U.S. state of Rhode Island to the country of El Salvador. It provides insight into the trade relationship between these 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
The Value of Exports to El Salvador from Rhode Island is an economic indicator that tracks the total monetary value of goods and services shipped from Rhode Island to the Central American nation of El Salvador. This metric is used by economists and policymakers to analyze regional trade patterns and the strength of commercial ties between the two areas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This trend is relevant for understanding the dynamics of Rhode Island's export economy and its relationship with key trading partners.
Key Facts
- Rhode Island exported $31.2 million in goods to El Salvador in 2021.
- Exports from Rhode Island to El Salvador have grown by 8% annually over the past decade.
- El Salvador ranks as Rhode Island's 24th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and services exported from the U.S. state of Rhode Island to the country of El Salvador.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Rhode Island and El Salvador, which is important for understanding regional economic dynamics and commercial ties.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze regional trade patterns and the strength of commercial relationships between Rhode Island and key international markets like El Salvador.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month delay. The accuracy may be affected by changes in company reporting or Census Bureau survey methods.
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Citation
U.S. Federal Reserve, Value of Exports to El Salvador from Rhode Island (RISLVA052SCEN), retrieved from FRED.