Number of Identified Exporters to Papua New Guinea from Wisconsin
WIPNGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
40.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters from the U.S. state of Wisconsin to the country of Papua New Guinea. It provides insights into Wisconsin's export activity and trade dynamics with this specific market.
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 Number of Identified Exporters to Papua New Guinea from Wisconsin is a data series that tracks the count of unique businesses or entities located in Wisconsin that export goods or services to Papua New Guinea. This metric is used by economists and policymakers to analyze Wisconsin's trade relationships and competitiveness in international markets.
Methodology
The data is collected through surveys and customs records by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding Wisconsin's export performance and can inform trade policy decisions.
Key Facts
- Wisconsin exported over $1 billion in goods in 2021.
- Papua New Guinea is a small but growing market for Wisconsin businesses.
- The number of identified Wisconsin exporters to Papua New Guinea has increased by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses or entities located in the U.S. state of Wisconsin that export goods or services to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Wisconsin's export activity and trade relationships, which is valuable information for economists, policymakers, and businesses interested in the state's economic performance and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend can inform trade policy decisions and help evaluate the effectiveness of initiatives aimed at supporting Wisconsin businesses' export activities.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few months after the end of the reference period. Additionally, the data may not capture all exporting activity, as it relies on identified entities.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Papua New Guinea from Wisconsin (WIPNGA475SCEN), retrieved from FRED.