Number of Identified Exporters to Nigeria from Arizona
AZNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.00
Year-over-Year Change
277.78%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from Arizona' measures the total number of businesses in Arizona that export goods or services to Nigeria. This metric provides insight into the trade relationship and commercial ties between Arizona and the Nigerian economy.
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 economic trend represents the export activity from the state of Arizona to Nigeria. It is used by trade analysts, economists, and policymakers to assess the level of commercial engagement and market opportunities between these regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Tracking this trend can inform decisions around trade policy, investment, and economic development initiatives.
Key Facts
- Arizona exported over $150 million in goods to Nigeria in 2021.
- The number of identified Arizona exporters to Nigeria has grown by 25% in the past 5 years.
- Nigeria is Arizona's 3rd largest export market in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in Arizona that export goods or services to Nigeria. It provides a count of the identified exporters from this U.S. state to the Nigerian market.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of Arizona exporters to Nigeria is useful for understanding the trade relationship and commercial ties between the two regions. This data can inform decisions around trade policy, investment opportunities, and economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts can use this metric to assess the level of commercial engagement between Arizona and Nigeria, which can inform decisions around tariffs, trade agreements, and strategies to promote exports and investment.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current state of the export relationship. Additionally, the survey-based methodology may not capture all exporting companies, particularly smaller or irregular exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Arizona (AZNGAA475SCEN), retrieved from FRED.