Value of Exports to Bosnia and Herzegovina from Minnesota
MNBIHA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
266,095.00
Year-over-Year Change
105.69%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Bosnia and Herzegovina from Minnesota' metric tracks the dollar value of goods and services exported from the U.S. state of Minnesota to the country of Bosnia and Herzegovina. This economic indicator provides insight into trade activity and commercial relationships 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 measures the monetary value of all products and services exported from Minnesota businesses and producers to customers and buyers in Bosnia and Herzegovina. It is an important gauge of economic integration and commercial ties between the two locations.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this metric to assess the health of Minnesota's export economy and identify opportunities to expand commercial relations.
Key Facts
- Minnesota is a major exporting state, accounting for over $23 billion in annual exports.
- Bosnia and Herzegovina is an emerging market with growing demand for U.S. goods and services.
- Exports support over 300,000 jobs in Minnesota's economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the dollar value of all goods and services exported from the U.S. state of Minnesota to the country of Bosnia and Herzegovina.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the commercial relationship and trade activity between Minnesota and Bosnia and Herzegovina, which is important for understanding regional economic dynamics and identifying growth opportunities.
Q: How is this data collected or calculated?
A: The data is collected and reported 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 use this metric to assess the health of Minnesota's export economy and identify opportunities to expand commercial relations with Bosnia and Herzegovina.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Value of Exports to Bosnia and Herzegovina from Minnesota (MNBIHA052SCEN), retrieved from FRED.