Number of Identified Exporters to Somalia from Washington
WASOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
600.00%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Number of Identified Exporters to Somalia from Washington' trend measures the volume of trade and commercial activity between the U.S. state of Washington and Somalia. This data point is crucial for economists and policymakers to analyze trade flows and identify potential growth opportunities.
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 metric tracks the number of businesses and individuals located in Washington state that are actively exporting goods or services to Somalia. It provides insight into the level of economic integration and commercial ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Washington-based exporters.
Historical Context
This trend is used by trade analysts, economists, and government agencies to assess the state of economic relations between the U.S. and Somalia.
Key Facts
- Washington state is a major exporter to Somalia.
- Exporter numbers have fluctuated over the past decade.
- Trade ties between Washington and Somalia impact regional employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses and individuals located in the U.S. state of Washington that are actively exporting goods or services to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of economic integration and commercial ties between Washington state and Somalia, which is crucial for trade analysts, economists, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Washington-based exporters.
Q: How is this trend used in economic policy?
A: This trend is used by trade analysts, economists, and government agencies to assess the state of economic relations between the U.S. and Somalia, and to identify potential areas for growth or policy intervention.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and can be limited by the accuracy of self-reported exporter information.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Washington (WASOMA475SCEN), retrieved from FRED.