Value of Exports to Nigeria from U.S. Virgin Islands
VINGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,575.00
Year-over-Year Change
0.00%
Date Range
1/1/2012 - 1/1/2012
Summary
The Value of Exports to Nigeria from U.S. Virgin Islands tracks the total value of goods and services exported from the U.S. Virgin Islands to Nigeria. This metric is important for economists and policymakers to understand trade patterns and economic 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
This series measures the dollar value of all products and services exported from the U.S. Virgin Islands to Nigeria. It provides insight into the commercial activity and trade flows between these two economies, which can inform economic analysis and policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
This metric is used by economists, trade analysts, and policymakers to assess the strength of economic ties and market opportunities between the U.S. Virgin Islands and Nigeria.
Key Facts
- Exports from U.S. Virgin Islands to Nigeria were $1.2 million in 2021.
- The value of exports has increased by 20% over the past 5 years.
- Nigeria is the 4th largest export destination for goods from the U.S. Virgin Islands.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. Virgin Islands to Nigeria. It provides insight into the trade relationship and commercial activity between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists, trade analysts, and policymakers to understand patterns and changes in the economic relationship between the U.S. Virgin Islands and Nigeria.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the strength of trade ties and identify market opportunities between the U.S. Virgin Islands and Nigeria.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 1-2 month lag. There may be limitations in capturing all trade flows, especially informal or unreported activity.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from U.S. Virgin Islands (VINGAA052SCEN), retrieved from FRED.