Value of Exports to Jamaica from Colorado
COJAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
848,548.00
Year-over-Year Change
12.82%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Jamaica from Colorado' series measures the dollar value of goods and services exported from the state of Colorado to the Caribbean nation of Jamaica. This metric is important for understanding regional trade dynamics and economic relationships.
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 provides data on the commercial exchange between Colorado and Jamaica, offering insights into the scale and composition of their bilateral trade. Economists and policymakers use this information to analyze trade patterns, competitiveness, and the potential for growth or disruption in this commercial corridor.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Trends in this series are relevant for state and federal trade policy, as well as business strategy for Colorado exporters.
Key Facts
- Colorado exported $72.3 million worth of goods to Jamaica in 2021.
- Machinery and computer equipment are top export categories from Colorado to Jamaica.
- Jamaica ranks 72nd among destinations for Colorado's international exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of goods and services exported from the U.S. state of Colorado to the country of Jamaica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial relationship and trade flows between Colorado and Jamaica, which is relevant for understanding regional economic dynamics and informing trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Trends in this series are relevant for state and federal trade policy, as well as business strategy for Colorado exporters seeking to expand or maintain their presence in the Jamaican market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series does not provide a comprehensive view of all trade between Colorado and Jamaica, as it only captures exports from Colorado.
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General Government Revenue for Jamaica
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Citation
U.S. Federal Reserve, Value of Exports to Jamaica from Colorado (COJAMA052SCEN), retrieved from FRED.