Value of Exports to Nicaragua from West Virginia
WVNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
216,720.00
Year-over-Year Change
-9.55%
Date Range
1/1/1992 - 1/1/2014
Summary
The 'Value of Exports to Nicaragua from West Virginia' measures the total monetary value of goods exported from the U.S. state of West Virginia to Nicaragua. This metric is important for analyzing trade patterns and economic relationships between the two 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
This data series tracks the dollar value of physical goods and commodities shipped from West Virginia to the Central American country of Nicaragua. Economists and policymakers use this information to understand the commercial ties and trade flows between these specific geographic areas.
Methodology
The U.S. Census Bureau collects this data through surveys of exporters and customs declarations.
Historical Context
Trends in this export value can signal changes in West Virginia's industrial output, Nicaragua's import demand, or the broader trade relationship between the two economies.
Key Facts
- West Virginia is the 38th most populous U.S. state.
- Nicaragua is classified as a lower-middle income country by the World Bank.
- The top exported goods from West Virginia to Nicaragua include agricultural products and industrial machinery.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of physical goods and commodities exported from the U.S. state of West Virginia to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: Trends in this export value can provide insights into the commercial ties and trade flows between the West Virginia and Nicaraguan economies, which is useful information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporters and customs declarations.
Q: How is this trend used in economic policy?
A: Analysts and policymakers can use this data to understand regional trade patterns and evaluate the economic relationship between West Virginia and Nicaragua, which may inform decisions around trade agreements, tariffs, or investment.
Q: Are there update delays or limitations?
A: There may be lags of several months between the reference period and when the latest data is published by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from West Virginia (WVNICA052SCEN), retrieved from FRED.