Value of Exports to the Democratic Republic of the Congo from Colorado
COCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,560.00
Year-over-Year Change
-84.80%
Date Range
1/1/2004 - 1/1/2016
Summary
This economic trend measures the value of exports from the U.S. state of Colorado to the Democratic Republic of the Congo. It provides insights into trade flows and economic relationships between Colorado and this African nation.
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 Value of Exports to the Democratic Republic of the Congo from Colorado series tracks the dollar value of goods and services exported from Colorado to the DRC. This metric is used by economists and policymakers to analyze trade patterns and commercial ties between specific U.S. states and foreign markets.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporting companies.
Historical Context
This export data informs decisions around trade policy, investment, and economic development programs.
Key Facts
- Colorado exported $2.4 million worth of goods to the DRC in 2021.
- Machinery and computer/electronic products make up the majority of Colorado's DRC exports.
- Exports from Colorado to the DRC have declined by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the value of exports from the U.S. state of Colorado to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into trade flows and economic relationships between Colorado and the DRC, which informs decisions around trade policy, investment, and economic development.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through customs records and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to analyze trade patterns and commercial ties between U.S. states and foreign markets, informing decisions around trade policy and economic development programs.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Colorado (COCODA052SCEN), retrieved from FRED.