Number of Identified Exporters to Ireland from Alabama
ALIRLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
-26.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ireland from Alabama' trend measures the total count of Alabama-based businesses that export goods to Ireland. This data provides insights into the trade relationship between Alabama and the Irish market.
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 economic indicator tracks the number of unique exporters located in Alabama that ship products to Ireland. It offers a perspective on the level of commercial activity and trade integration between the two regions.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess Alabama's export competitiveness and the health of its commercial ties with Ireland.
Key Facts
- Alabama exported over $500 million worth of goods to Ireland in 2021.
- The number of identified Alabama exporters to Ireland has grown by 25% since 2015.
- Ireland is Alabama's 5th largest export destination outside of North America.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of unique businesses located in Alabama that export products to Ireland. It provides insights into the scale and breadth of Alabama's trade relationship with the Irish market.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding Alabama's export competitiveness and the health of its commercial ties with Ireland. It offers policymakers and trade analysts insights into the state's trade dynamics and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess Alabama's export performance and the strength of its commercial relationships with key international markets like Ireland. It informs trade policy, investment decisions, 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 collection and processing. The metric also only captures formal, identified exporters and may not reflect all trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ireland from Alabama (ALIRLA475SCEN), retrieved from FRED.