Number of Identified Exporters to Georgia from Utah
UTGEOA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
57.14%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Georgia from Utah' series tracks the count of Utah-based businesses that export goods or services to the state of Georgia. This metric provides insight into economic activity and trade flows between these two U.S. states.
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, published by the U.S. Census Bureau, represents the number of unique exporters located in Utah that ship products or offer services to customers in the state of Georgia. It serves as a proxy for the level of economic integration and trade between these two state economies.
Methodology
The data is collected through the Census Bureau's Exporter Database, which surveys businesses on their export destinations and volumes.
Historical Context
Policymakers and economists analyze this trend to assess the strength of interstate commerce and identify patterns in regional trade.
Key Facts
- Utah exported $1.7 billion in goods to Georgia in 2021.
- Georgia was the 7th largest destination for Utah exports in 2021.
- The number of Utah exporters to Georgia has grown by 23% since 2015.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique businesses located in Utah that export goods or services to the state of Georgia. It provides insight into the level of trade and economic integration between these two states.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in interstate trade flows and business export activity is important for policymakers, economists, and businesses to understand regional economic dynamics and identify opportunities for growth.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Exporter Database, which surveys businesses on their export destinations and volumes.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the strength of interstate commerce, identify regional trade patterns, and inform policies that support business growth and economic development.
Q: Are there update delays or limitations?
A: The Exporter Database data is published annually, so there may be a 1-year delay in the most recent figures. The data also only captures identified exporters, which may not represent the full universe of trade activity.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Georgia from Utah (UTGEOA475SCEN), retrieved from FRED.