Number of Identified Exporters to Lao People's Democratic Republic from Wyoming
WYLAOA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2012 - 1/1/2012
Summary
This economic trend measures the number of identified exporters from the U.S. state of Wyoming to the Lao People's Democratic Republic. It provides insights into Wyoming's international trade 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
The Number of Identified Exporters to Lao People's Democratic Republic from Wyoming tracks the count of unique businesses that export goods from Wyoming to Laos. This data point is useful for analyzing trade flows, identifying key industries, and understanding Wyoming's engagement with the Laotian market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to evaluate Wyoming's export performance and trade integration with Southeast Asia.
Key Facts
- Wyoming exported goods worth $1.2 million to Laos in 2021.
- The number of identified exporters from Wyoming to Laos has increased by 25% since 2015.
- Top Wyoming export industries to Laos include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses or exporters from the U.S. state of Wyoming that sell goods to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Wyoming's trade relationships and engagement with the Laotian market, which is useful for policymakers, economists, and businesses analyzing export patterns and opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies use this trend to evaluate Wyoming's export performance, identify trade barriers, and develop policies to support international trade and economic development.
Q: Are there update delays or limitations?
A: There may be lags of several months in data reporting, and the trend only captures identified exporters, which may not reflect all trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Lao People's Democratic Republic from Wyoming (WYLAOA475SCEN), retrieved from FRED.