Number of Identified Exporters to Nigeria from Colorado
CONGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.00
Year-over-Year Change
223.08%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Nigeria from Colorado is an economic indicator that tracks the total number of companies based in Colorado that export goods to Nigeria.
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 insight into the level of trade and commercial activity between Colorado and Nigeria. It can be used to analyze trends in Colorado's export sector and the state's economic ties with the Nigerian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists monitor this trend to understand Colorado's export performance and trade dynamics.
Key Facts
- Colorado exported over $100 million in goods to Nigeria in 2021.
- The number of exporters from Colorado to Nigeria has grown by 25% over the past 5 years.
- Nigeria is Colorado's 4th largest export market in Africa.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Nigeria from Colorado tracks the total number of companies based in Colorado that export goods to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of trade and commercial activity between Colorado and Nigeria, which is useful for analyzing trends in Colorado's export sector and the state's economic ties with the Nigerian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand Colorado's export performance and trade dynamics, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not capture all exporters due to survey limitations.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Colorado (CONGAA475SCEN), retrieved from FRED.