Number of Identified Exporters to Senegal from Illinois
ILSENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
8.57%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Senegal from Illinois' measures the count of unique companies based in Illinois that exported goods to Senegal. This metric provides insight into the trade relationship between Illinois and the West African country.
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 tracks the number of distinct Illinois-based firms that reported exporting products to Senegal. It offers a snapshot of the commercial activity and trade flows between the U.S. state and the destination market.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys.
Historical Context
This metric is used by policymakers and trade analysts to monitor the strength of Illinois' export markets.
Key Facts
- Illinois is a top-ten state for U.S. merchandise exports.
- Senegal is a growing market for Illinois-made products.
- Export data helps guide state economic development strategies.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique companies based in Illinois that reported exporting goods to Senegal in a given period.
Q: Why is this trend relevant for users or analysts?
A: The number of Illinois exporters to Senegal provides insight into the commercial ties and trade flows between the U.S. state and the West African country.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor the strength of Illinois' export markets and guide economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential limitations in capturing all exporting firms.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Senegal from Illinois (ILSENA475SCEN), retrieved from FRED.