Value of Exports to Nicaragua from Wisconsin
WINICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,220,105.00
Year-over-Year Change
99.78%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Nicaragua from Wisconsin measures the total dollar value of goods and services exported from the state of Wisconsin to the country of Nicaragua. This metric is important for understanding Wisconsin's trade relationships and economic ties with foreign markets.
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 tracks the dollar value of all exports originating from Wisconsin businesses and destined for Nicaragua. It provides insight into the scale and trends of Wisconsin's export activity with this Central American trade partner, which is relevant for policymakers, businesses, and economic analysts.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
The Value of Exports to Nicaragua from Wisconsin is used to assess Wisconsin's export performance and trade dynamics with Nicaragua, which can inform economic development strategies and trade policy decisions.
Key Facts
- Wisconsin exported over $15 million in goods and services to Nicaragua in 2021.
- Exports to Nicaragua account for less than 1% of total Wisconsin exports.
- The top Wisconsin export categories to Nicaragua are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Nicaragua from Wisconsin measures the total dollar value of goods and services exported from the state of Wisconsin to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Wisconsin's trade relationships and economic ties with foreign markets, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: The Value of Exports to Nicaragua from Wisconsin is used to assess the state's export performance and trade dynamics with Nicaragua, which can inform economic development strategies and trade policy decisions.
Q: Are there update delays or limitations?
A: The export data may have a 1-2 month delay in reporting, and can be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Wisconsin (WINICA052SCEN), retrieved from FRED.