Value of Exports to Lao People's Democratic Republic from Washington
WALAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
651,499.00
Year-over-Year Change
241.04%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the value of exports from the U.S. state of Washington to the Lao People's Democratic Republic. It provides insights into trade patterns and the economic relationship 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
The Value of Exports to Lao People's Democratic Republic from Washington series tracks the dollar value of goods and services exported from the state of Washington to the Southeast Asian nation of Laos. This metric is used by policymakers and analysts to monitor the strength of bilateral trade and commercial ties.
Methodology
The data is compiled by the U.S. Census Bureau based on customs declarations and shipping manifests.
Historical Context
Tracking state-level export data is crucial for understanding subnational economic trends and the impacts of trade policies.
Key Facts
- Washington is a major exporting state in the U.S.
- Lao PDR is a landlocked country in Southeast Asia
- Exports support economic growth and job creation
FAQs
Q: What does this economic trend measure?
A: This metric tracks the dollar value of goods and services exported from the U.S. state of Washington to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export data provides insights into regional trade patterns and the economic relationship between specific U.S. states and foreign countries.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on customs declarations and shipping manifests.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand the strength of bilateral trade and commercial ties between Washington state and Laos, which can inform decisions on trade agreements and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of U.S. Census Bureau trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from Washington (WALAOA052SCEN), retrieved from FRED.