Value of Exports to Bermuda from Texas
TXBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,496,495.00
Year-over-Year Change
-65.17%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Texas' measures the dollar value of goods and services shipped from Texas to Bermuda. This metric is important for understanding trade flows 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 tracks the total value of exports originating from the state of Texas and destined for the island nation of Bermuda. It provides insights into the commercial and financial ties between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and analysts use this metric to assess the strength of Texas-Bermuda trade relationships and their impact on the regional and national economy.
Key Facts
- Texas is the second-largest state economy in the U.S.
- Bermuda is a major offshore financial center in the Caribbean.
- The value of Texas exports to Bermuda has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Texas to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade and economic relationship between Texas and Bermuda, which is important for understanding regional economic activity and trade flows.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Texas-Bermuda trade relationships and their impact on the regional and national economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to revisions based on updated source information.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Texas (TXBMUA052SCEN), retrieved from FRED.