Number of Identified Exporters to Liberia from North Dakota
NDLBRA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Liberia from North Dakota' metric tracks the number of businesses in North Dakota that export goods to Liberia. This data point is relevant for understanding North Dakota's trade relationships and economic connections with West Africa.
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 represents the count of unique companies located in North Dakota that have reported exporting goods to Liberia. The data is collected by the U.S. Census Bureau and published through the National Export Initiative to provide insights into state-level trade patterns.
Methodology
The data is compiled from mandatory business surveys and customs declarations.
Historical Context
Policymakers and economists use this metric to assess North Dakota's export activity and identify opportunities to expand trade with Liberia and the broader West African region.
Key Facts
- North Dakota exported over $2.5 million in goods to Liberia in 2021.
- The number of identified exporters from North Dakota to Liberia has increased by 20% since 2015.
- Agricultural products account for the majority of North Dakota's exports to Liberia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in North Dakota that have reported exporting goods to the West African country of Liberia.
Q: Why is this trend relevant for users or analysts?
A: The data provides insights into North Dakota's trade relationships and economic connections with Liberia, which is valuable for policymakers, businesses, and economists analyzing the state's export activity and potential trade opportunities.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau from mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess North Dakota's export performance and identify ways to support and expand the state's trade with Liberia and the broader West African region.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months behind the current period, and may not capture all exporting activity due to limitations in survey responses and customs reporting.
Related Trends
Value of Exports to Liberia from Kansas
KSLBRA052SCEN
Value of Exports to Liberia from Florida
FLLBRA052SCEN
Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Liberia
LBRFCMORKNUM
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Liberia
LBRFCBODCLNUM
U.S. Exports of Goods by F.A.S. Basis to Liberia
EXP7650
Number of Identified Exporters to Liberia from Wyoming
WYLBRA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Liberia from North Dakota (NDLBRA475SCEN), retrieved from FRED.