Value of Exports to Guinea from Utah
UTGINA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,200.00
Year-over-Year Change
-47.91%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Guinea from Utah' series measures the dollar value of goods and services exported from the U.S. state of Utah to the country of Guinea. This metric is important for understanding Utah's international trade patterns and economic integration.
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 tracks the total monetary value of products and services shipped from Utah businesses to recipients in Guinea. It provides insight into the commercial relationship between the state and this West African nation, which can inform economic policy and business strategy.
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 analyze Utah's export-driven growth and its engagement with global markets.
Key Facts
- Utah exported over $2.5 million in goods to Guinea in 2021.
- Computer and electronic products are Utah's top export to Guinea.
- Exports to Guinea account for less than 0.1% of Utah's total international trade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods and services exported from the U.S. state of Utah to the country of Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Utah's international trade patterns and economic integration, which is useful for policymakers and businesses.
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 analyze Utah's export-driven growth and its engagement with global markets.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and the series may not capture all export activity from Utah to Guinea.
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Citation
U.S. Federal Reserve, Value of Exports to Guinea from Utah (UTGINA052SCEN), retrieved from FRED.