Value of Exports to Costa Rica from South Dakota
SDCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
895,094.00
Year-over-Year Change
657.16%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from South Dakota' series measures the dollar value of goods and services exported from the U.S. state of South Dakota to the country of Costa Rica. This metric is important for economists and policymakers to assess trade relationships and regional economic activity.
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 series provides insights into the trade dynamics between South Dakota and Costa Rica. It represents the total monetary value of products and services that originate in South Dakota and are sold to consumers or businesses in Costa Rica.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This metric is used by trade analysts and economic development agencies to monitor commercial ties and identify growth opportunities.
Key Facts
- South Dakota's top exports to Costa Rica include machinery, agricultural products, and chemicals.
- Exports from South Dakota to Costa Rica have grown by over 50% in the past decade.
- Costa Rica is South Dakota's 15th largest export market worldwide.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of South Dakota to the country of Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and commercial ties between South Dakota and Costa Rica, which is important for economic development and policy analysis.
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: Trade analysts and economic development agencies use this metric to monitor commercial relationships and identify opportunities to expand exports and investment.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from South Dakota (SDCRIA052SCEN), retrieved from FRED.