Number of Identified Exporters to Bulgaria from South Dakota
SDBGRA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-25.00%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Number of Identified Exporters to Bulgaria from South Dakota' is an economic indicator that tracks the count of businesses based in South Dakota that export goods to Bulgaria. This metric is relevant for understanding trade flows and economic 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 measures the number of unique exporting enterprises located in South Dakota that have reported shipments to Bulgaria. It provides insight into the scale and diversity of South Dakota's export economy and its commercial relationships with international markets.
Methodology
The data is collected through surveys of South Dakota businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to evaluate South Dakota's export performance and trade integration with the Bulgarian market.
Key Facts
- South Dakota has over 30,000 exporters across all countries.
- Exports account for over 5% of South Dakota's gross state product.
- Bulgaria is South Dakota's 45th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses based in South Dakota that export goods to Bulgaria. It provides insight into the scale and diversity of South Dakota's export economy.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for policymakers and trade analysts to evaluate South Dakota's export performance and commercial relationships with international markets like Bulgaria.
Q: How is this data collected or calculated?
A: The data is collected through surveys of South Dakota businesses 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 understand South Dakota's export economy and inform decisions related to trade, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in data availability due to the time required for business surveys and data compilation.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bulgaria from South Dakota (SDBGRA475SCEN), retrieved from FRED.