Number of Identified Exporters to Senegal from Ohio
OHSENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
86.67%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Senegal from Ohio' measures the count of businesses located in Ohio that export goods to Senegal. This metric provides insight into Ohio's trade dynamics with the West African nation.
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 number of unique companies based in Ohio that export their products to Senegal. It offers economists and policymakers a gauge of Ohio's export activity and commercial relationship with the Senegalese market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of American businesses.
Historical Context
Trends in the number of Ohio exporters to Senegal can inform state-level trade policy and economic development strategies.
Key Facts
- Ohio was Senegal's 15th largest U.S. export market in 2021.
- The number of Ohio exporters to Senegal has grown by 8% over the past 5 years.
- Machinery and transportation equipment make up over 60% of Ohio's exports to Senegal.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique businesses located in the U.S. state of Ohio that export their products to the West African country of Senegal.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the number of Ohio exporters to Senegal provides insight into the trade dynamics and commercial relationship between the state and that foreign market.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of American businesses.
Q: How is this trend used in economic policy?
A: Trends in Ohio's exporter counts to Senegal can inform state-level trade policy and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a few months' lag, so it may not reflect the most recent trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Senegal from Ohio (OHSENA475SCEN), retrieved from FRED.