Number of Identified Exporters to Liberia from Michigan
MILBRA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
-14.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Liberia from Michigan measures the volume of exporting activity from the state of Michigan to the West African nation of Liberia. This economic indicator is relevant for understanding regional trade patterns and the commercial ties between the two regions.
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 series tracks the count of unique businesses based in Michigan that export goods or services to Liberia. It provides insight into the scale and diversity of economic linkages between the two economies.
Methodology
The data is collected through surveys of Michigan companies and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess the health of bilateral commercial relations and identify opportunities for export growth.
Key Facts
- Michigan is a major U.S. exporting state.
- Liberia is an important trade partner for the Midwest region.
- Exporting supports jobs and economic growth in Michigan.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Liberia from Michigan tracks the count of unique businesses based in Michigan that export goods or services to the West African nation of Liberia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and diversity of economic linkages between the Michigan and Liberian economies, which is relevant for policymakers and trade analysts assessing bilateral commercial relations and export growth opportunities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Michigan companies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of bilateral commercial relations between Michigan and Liberia and identify opportunities for export growth.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the survey-based collection process, and the series only captures exporting activity from Michigan specifically.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Liberia from Michigan (MILBRA475SCEN), retrieved from FRED.