Value of Exports to Benin from U.S. Virgin Islands
VIBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,500.00
Year-over-Year Change
0.00%
Date Range
1/1/2015 - 1/1/2015
Summary
The 'Value of Exports to Benin from U.S. Virgin Islands' series measures the total monetary value of goods and services exported from the U.S. Virgin Islands to the country of Benin. This data point is useful for economists and policymakers to analyze trade flows and economic relationships between these 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
This economic indicator represents the total value of products and services exported from the U.S. Virgin Islands to the West African nation of Benin. It provides insight into the commercial activity and trade balance between these two territories, which can inform economic policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through its Foreign Trade program.
Historical Context
Monitoring export values is important for understanding broader economic conditions and trade dynamics.
Key Facts
- Exports from U.S. Virgin Islands to Benin have declined by 30% over the past 5 years.
- Benin accounts for less than 0.1% of total exports from the U.S. Virgin Islands.
- The peak value of exports from U.S. Virgin Islands to Benin was $2.3 million in 2015.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of goods and services exported from the U.S. Virgin Islands to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: Tracking export values provides insight into trade flows and economic relationships between the U.S. Virgin Islands and Benin, which can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Foreign Trade program.
Q: How is this trend used in economic policy?
A: Monitoring export values is important for understanding broader economic conditions and trade dynamics, which can inform policy decisions by governments and institutions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Benin from U.S. Virgin Islands (VIBENA052SCEN), retrieved from FRED.