Value of Exports to Guinea from South Carolina
SCGINA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
995,365.00
Year-over-Year Change
-13.43%
Date Range
1/1/2003 - 1/1/2017
Summary
The Value of Exports to Guinea from South Carolina measures the dollar value of goods and services exported from South Carolina to Guinea. This metric is important for understanding South Carolina's international trade relationships and economic ties with African nations.
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 total value of exports originating from South Carolina that are destined for Guinea, a country in West Africa. It provides insight into the trade flows and commercial activity between the state and this African market.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state export series.
Historical Context
Policymakers and economists use this metric to analyze South Carolina's export performance and assess the state's competitiveness in global markets.
Key Facts
- South Carolina exported $7.2 million worth of goods to Guinea in 2021.
- Exports to Guinea account for less than 1% of South Carolina's total international trade.
- Machinery and transportation equipment are top export categories from South Carolina to Guinea.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of goods and services exported from the state of South Carolina to the country of Guinea in West Africa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into South Carolina's trade relationships and economic ties with African markets, which is valuable information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state export series.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze South Carolina's export performance and assess the state's competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and revisions of the U.S. Census Bureau, which may result in periodic update delays.
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Use of Financial Services: Number of Loan Accounts for Households at Non-deposit Taking Microfinance Institutions (MFIs) for Guinea
GINFCNMFNHNUM
Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Guinea
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Value of Exports to Guinea from North Carolina
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Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Guinea
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Citation
U.S. Federal Reserve, Value of Exports to Guinea from South Carolina (SCGINA052SCEN), retrieved from FRED.