Number of Identified Exporters to Bermuda from Utah
UTBMUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
216.67%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the number of businesses identified as exporters from the U.S. state of Utah to the country of Bermuda. It provides insight into trade dynamics and commercial relationships between the two regions.
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 Bermuda from Utah measures the count of unique companies located in Utah that are reported as exporting goods or services to Bermuda. This indicator offers a quantitative view of commercial activity and economic integration between the two economies.
Methodology
The data is collected through surveys and administrative records on cross-border trade and commercial transactions.
Historical Context
This trend can inform policy discussions and business strategies related to international trade and market access.
Key Facts
- Utah is the 34th largest state by population in the U.S.
- Bermuda is a British Overseas Territory in the North Atlantic Ocean.
- Trade between Utah and Bermuda represents a small but economically meaningful segment.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses located in Utah that are identified as exporting goods or services to Bermuda.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into trade dynamics and commercial relationships between the Utah economy and the Bermuda market.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records on cross-border trade and commercial transactions.
Q: How is this trend used in economic policy?
A: This indicator can inform discussions and strategies related to international trade, market access, and economic development.
Q: Are there update delays or limitations?
A: As with any trade data, there may be lags in reporting and potential limitations in capturing all economic activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bermuda from Utah (UTBMUA475SCEN), retrieved from FRED.