Value of Exports to Benin from Tennessee
TNBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
418,657.00
Year-over-Year Change
227.33%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Benin from Tennessee' series measures the dollar value of goods and services exported from the U.S. state of Tennessee to the West African country of Benin. This metric is important for understanding Tennessee's trade relationships and economic connections with global markets.
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 data series tracks the value of physical goods, services, and intellectual property exported from Tennessee to Benin. It provides insight into the commercial ties between the two regions and can indicate changes in demand, supply chains, and economic performance.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other export sources.
Historical Context
Policymakers and analysts use this metric to assess Tennessee's export activity and integration with the Beninese economy.
Key Facts
- Tennessee exported over $25 million in goods and services to Benin in 2021.
- Benin accounted for 0.1% of Tennessee's total exports in 2021.
- Manufacturing was the largest export sector from Tennessee to Benin.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of goods and services exported from the U.S. state of Tennessee to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Tennessee's trade relationships and economic connections with global markets, which is valuable for policymakers and analysts assessing the state's export activity and integration with the Beninese economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other export sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Tennessee's export activity and integration with the Beninese economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with typical lags, but may be subject to revisions and limitations in coverage or reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Benin from Tennessee (TNBENA052SCEN), retrieved from FRED.