Value of Exports to Barbados from Utah
UTBRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
665,369.00
Year-over-Year Change
829.29%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Barbados from Utah' series measures the dollar value of goods and services exported from the U.S. state of Utah to the Caribbean island nation of Barbados. This metric is useful for analyzing Utah's trade relationships and economic ties with foreign 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 economic indicator provides insights into the commercial activity and trade flows between Utah and Barbados. It represents the total value of all products and services shipped from Utah businesses and producers to customers in Barbados over a given time period.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists use this series to assess Utah's export performance and integration with the global economy.
Key Facts
- Utah exported $7.2 million worth of goods to Barbados in 2021.
- Barbados ranks 78th among Utah's export destinations.
- Computer and electronic products are Utah's top exports to Barbados.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of all goods and services exported from the U.S. state of Utah to the country of Barbados over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Utah's trade relationships and economic integration with foreign markets, which is useful for policymakers and economists analyzing state-level export performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess Utah's export performance and its participation in the global economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey-based data collection process.
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Percentage of Foreign Banks Among Total Banks for Barbados
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General Government Total Expenditure for Barbados
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Utah (UTBRBA052SCEN), retrieved from FRED.