Value of Exports to Andorra from Michigan
MIANDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145,810.00
Year-over-Year Change
746.85%
Date Range
1/1/1997 - 1/1/2008
Summary
The 'Value of Exports to Andorra from Michigan' series measures the total value of goods and services exported from the U.S. state of Michigan to the European country of Andorra. This data point is important for economists and policymakers to understand trade dynamics and regional economic performance.
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 series tracks the monetary value of all products and services Michigan businesses sell to consumers and organizations in Andorra. It provides insight into the strength of the commercial relationship between the two economies and can inform trade and economic development strategies.
Methodology
The U.S. Census Bureau collects this data through surveys of Michigan-based exporters.
Historical Context
Policymakers and market analysts use this series to assess Michigan's trade competitiveness and integration with the Andorran market.
Key Facts
- Michigan is the only U.S. state that borders Andorra.
- Andorra is a small European country located between France and Spain.
- Export values from Michigan to Andorra have declined over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of goods and services exported from the U.S. state of Michigan to the country of Andorra.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the commercial relationship between Michigan and Andorra, which can inform trade, economic development, and policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting businesses located in Michigan.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to assess Michigan's trade competitiveness and integration with the Andorran market.
Q: Are there update delays or limitations?
A: There may be delays in reporting this data due to the time required for the Census Bureau to collect and process the information from Michigan exporters.
Related Trends
Value of Exports to Andorra from Maryland
MDANDA052SCEN
Constant GDP per capita for Andorra
NYGDPPCAPKDAND
Number of Identified Exporters to Andorra from South Carolina
SCANDA475SCEN
Number of Identified Exporters to Andorra from Washington
WAANDA475SCEN
Number of Identified Exporters to Andorra from Rhode Island
RIANDA475SCEN
Number of Identified Exporters to Andorra from New Hampshire
NHANDA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Andorra from Michigan (MIANDA052SCEN), retrieved from FRED.