Number of Identified Exporters to Saudi Arabia from South Dakota
SDSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
110.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from South Dakota' series tracks the total number of businesses based in South Dakota that export goods and services to Saudi Arabia.
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 indicator provides insights into the trade relationship between South Dakota and Saudi Arabia, shedding light on the extent of commercial activity and business connections between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Trends in this series can inform policymakers and economists about the dynamics of South Dakota's export markets.
Key Facts
- South Dakota exported over $100 million in goods to Saudi Arabia in 2021.
- The number of identified exporters from South Dakota to Saudi Arabia has increased by 20% since 2015.
- Manufacturing accounts for the largest share of South Dakota's exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses based in South Dakota that export goods and services to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the trade relationship between South Dakota and Saudi Arabia, which can inform economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Trends in this series can inform policymakers and economists about the dynamics of South Dakota's export markets, which can be used to develop trade policies and strategies.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be a lag of several months between the reference period and the publication of the data.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from South Dakota (SDSAUA475SCEN), retrieved from FRED.