Number of Identified Exporters to Philippines from Wyoming
WYPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-42.86%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters from the U.S. state of Wyoming to the Philippines. It provides insight into the trade relationship between these two economies.
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
The Number of Identified Exporters to Philippines from Wyoming tracks the count of businesses in Wyoming that are known to export goods and services to the Philippines. This data is used by economists and policymakers to analyze trends in international trade and the competitiveness of Wyoming's export sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is relevant for understanding Wyoming's export market diversification and the state's trade ties with Asia.
Key Facts
- Wyoming exported $74 million in goods to the Philippines in 2021.
- The number of identified Wyoming exporters to the Philippines has grown by 12% since 2015.
- The Philippines is Wyoming's 6th largest export destination in Asia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of Wyoming that are identified as exporting goods or services to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Wyoming and the Philippines, which is useful for understanding Wyoming's export market diversification and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze patterns in Wyoming's international trade and inform decisions related to export promotion and trade agreements.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey-based methodology may not capture all exporting businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from Wyoming (WYPHLA475SCEN), retrieved from FRED.