Number of Identified Exporters to Philippines from West Virginia
WVPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
43.75%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Philippines from West Virginia' is an important metric for understanding West Virginia's trade dynamics with the Philippines. It provides insights into the state's export activity and economic relationships.
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 trend measures the number of businesses and organizations located in West Virginia that are identified as exporting goods or services to the Philippines. It serves as an indicator of the commercial ties and trade flows between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
Policymakers and economists use this metric to assess West Virginia's export performance and competitiveness in the global marketplace.
Key Facts
- West Virginia exports a diverse range of goods to the Philippines, including machinery, chemicals, and agricultural products.
- The number of identified exporters from West Virginia to the Philippines has fluctuated over the past decade.
- Strengthening trade ties with the Philippines is a key priority for West Virginia's economic development strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses and organizations located in West Virginia that are identified as exporting goods or services to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial ties and trade flows between West Virginia and the Philippines, which is valuable for policymakers, economists, and businesses interested in understanding regional export dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess West Virginia's export performance and competitiveness in the global marketplace, which informs trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and may not capture all exporting activities due to the challenges of identifying and surveying all relevant businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from West Virginia (WVPHLA475SCEN), retrieved from FRED.