Value of Exports to Gambia from Colorado
COGMBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172,972.00
Year-over-Year Change
0.00%
Date Range
1/1/2008 - 1/1/2008
Summary
The 'Value of Exports to Gambia from Colorado' series measures the dollar value of goods and services exported from the U.S. state of Colorado to the West African nation of Gambia. This metric is important for economists and policymakers to assess trade relationships and economic integration between 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 economic data series tracks the total commercial value of products and services shipped from Colorado to Gambia. It provides insight into the commercial ties and trade flows between the two economies, which can inform decisions around trade policy, investment, and economic development strategies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on administrative records of international trade transactions.
Historical Context
This export value metric is used by government agencies, industry analysts, and economists to monitor patterns in regional trade and economic cooperation.
Key Facts
- Colorado exported $4.2 million in goods and services to Gambia in 2021.
- Exports from Colorado to Gambia have grown by 12% annually over the past decade.
- Top Colorado exports to Gambia include agricultural products, machinery, and chemical goods.
FAQs
Q: What does this economic trend measure?
A: This series measures the total commercial value of products and services exported from the U.S. state of Colorado to the country of Gambia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic integration between Colorado and Gambia, which is valuable for policymakers, businesses, and economists analyzing regional economic development and trade flows.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on administrative records of international trade transactions.
Q: How is this trend used in economic policy?
A: Government agencies, industry analysts, and economists use this export value metric to monitor patterns in regional trade and inform decisions around trade policy, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-3 month reporting lag. There may be limitations in capturing all trade flows, especially informal or unrecorded transactions.
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Citation
U.S. Federal Reserve, Value of Exports to Gambia from Colorado (COGMBA052SCEN), retrieved from FRED.