Number of Identified Exporters to British Indian Ocean Territory from Washington
WAIOTA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/2003 - 1/1/2016
Summary
The Number of Identified Exporters to British Indian Ocean Territory from Washington metric tracks the number of businesses based in Washington state that export goods to the British Indian Ocean Territory. This metric is important for understanding trade flows and economic activity between Washington and this remote territory.
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 measures the number of distinct exporters based in Washington state that have reported exporting goods to the British Indian Ocean Territory, a small archipelago in the Indian Ocean. The metric provides insight into the commercial relationships and trade patterns between Washington and this overseas territory.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business reporting on international trade activities.
Historical Context
Policymakers and economists use this metric to assess the health of Washington's export economy and its engagement with distant global markets.
Key Facts
- Washington is the 13th largest exporting state in the U.S.
- The British Indian Ocean Territory has a population of just over 3,000 people.
- Trade with distant territories can provide important diversification for state economies.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses based in Washington state that have reported exporting goods to the British Indian Ocean Territory.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Washington and a remote overseas territory, which is important for understanding the state's export economy and global commercial engagement.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory reporting by businesses on their international trade activities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health and diversification of Washington's export economy and its connections to distant global markets.
Q: Are there update delays or limitations?
A: There may be lags in reporting and publication of this data by the Census Bureau, but it generally provides a timely and reliable indicator of exporter activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to British Indian Ocean Territory from Washington (WAIOTA475SCEN), retrieved from FRED.