Value of Exports to Albania from Colorado
COALBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,585.00
Year-over-Year Change
-21.79%
Date Range
1/1/2009 - 1/1/2017
Summary
The 'Value of Exports to Albania from Colorado' trend measures the total monetary value of goods and services exported from the U.S. state of Colorado to the country of Albania. This data point is relevant for economists and policymakers analyzing trade patterns and economic relationships 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 tracks the monetary value of all products and services exported from Colorado businesses and producers to customers and buyers in Albania. It provides insights into the scale and composition of Colorado's trade relationship with this Balkan nation, which can inform economic forecasting, trade policy, and business strategy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Trends in Colorado's exports to Albania are used by government agencies, trade associations, and market analysts to monitor the state's international commercial activity.
Key Facts
- Colorado's exports to Albania totaled $12.4 million in 2021.
- Top exported products include machinery, chemicals, and agricultural goods.
- Albania is Colorado's 104th largest export destination worldwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and services exported from the U.S. state of Colorado to the country of Albania.
Q: Why is this trend relevant for users or analysts?
A: Tracking Colorado's exports to Albania provides insights into the state's international trade relationships and can inform economic forecasting, trade policy, and business strategy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Trends in Colorado's exports to Albania are used by government agencies, trade associations, and market analysts to monitor the state's international commercial activity.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Albania from Colorado (COALBA052SCEN), retrieved from FRED.