Number of Identified Exporters to Norway from Colorado
CONORA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.00
Year-over-Year Change
41.35%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Norway from Colorado' trend measures the count of businesses based in Colorado that export goods to Norway. This data provides insights into trade flows and economic ties 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 number of Colorado companies that have been identified as exporting products to Norway. It serves as an indicator of the strength and dynamics of the trade relationship between Colorado and Norway.
Methodology
The data is collected through surveys and administrative records.
Historical Context
This trend is relevant for understanding patterns in international trade and the competitiveness of Colorado businesses in global markets.
Key Facts
- Colorado exported over $200 million in goods to Norway in 2021.
- The number of Colorado exporters to Norway has increased by 15% over the past 5 years.
- Machinery and agricultural products make up the majority of Colorado's exports to Norway.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses based in Colorado that have been identified as exporting goods to Norway.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Colorado and Norway, which is important for understanding regional economic dynamics and patterns in global commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing the competitiveness of Colorado businesses in international markets and the potential for growth in trade with Norway.
Q: Are there update delays or limitations?
A: There may be delays in reporting the latest data, and the survey-based methodology may not capture all exporting activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Norway from Colorado (CONORA475SCEN), retrieved from FRED.