Number of Identified Exporters to Dominican Republic from Arkansas
ARDOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.00
Year-over-Year Change
105.56%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the number of identified exporters to the Dominican Republic from the U.S. state of Arkansas. It provides insights into trade patterns and economic activity between Arkansas and the Dominican Republic.
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 Dominican Republic from Arkansas metric is a measure of the volume of trade and economic connections between Arkansas and the Dominican Republic. It reflects the number of individual companies or entities based in Arkansas that are actively exporting goods and services to the Dominican market.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This trend is relevant for policymakers, trade analysts, and businesses seeking to understand regional trade dynamics.
Key Facts
- Arkansas exported $302 million in goods to the Dominican Republic in 2021.
- The number of identified exporters from Arkansas to the Dominican Republic has increased by 20% since 2015.
- Machinery, transportation equipment, and agricultural products are major Arkansas exports to the Dominican Republic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of individual companies or entities based in Arkansas that are actively exporting goods and services to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and economic connections between Arkansas and the Dominican Republic, which is valuable for policymakers, businesses, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This indicator can inform trade policies, investment decisions, and economic development strategies related to the Arkansas-Dominican Republic trade corridor.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be limitations in capturing all exporting entities, especially smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominican Republic from Arkansas (ARDOMA475SCEN), retrieved from FRED.