Number of Identified Exporters to Nigeria from Tennessee
TNNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.00
Year-over-Year Change
190.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Nigeria from the U.S. state of Tennessee. It provides insights into the trade and business relationships between Tennessee and Nigeria.
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 'Number of Identified Exporters to Nigeria from Tennessee' data series tracks the count of unique businesses and individuals located in Tennessee that are identified as exporting goods or services to Nigeria. This metric offers a window into the commercial and economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveying and tracking of export transactions.
Historical Context
This trend is used by policymakers, trade analysts, and businesses to monitor the strength of Tennessee's export market to Nigeria.
Key Facts
- Tennessee exported over $130 million in goods to Nigeria in 2021.
- The number of identified Tennessee exporters to Nigeria has grown by 25% since 2015.
- Machinery and agricultural products are Tennessee's top exports to Nigeria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses and individuals located in the U.S. state of Tennessee that are identified as exporting goods or services to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade and commercial relationships between Tennessee and Nigeria, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveying and tracking of export transactions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, trade analysts, and businesses to monitor the strength of Tennessee's export market to Nigeria and inform decisions related to international trade and economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all exporters due to survey limitations, but it remains a useful indicator of Tennessee's trade with Nigeria.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Tennessee (TNNGAA475SCEN), retrieved from FRED.