Number of Identified Exporters to Somalia from Colorado
COSOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/2003 - 1/1/2016
Summary
The 'Number of Identified Exporters to Somalia from Colorado' trend measures the count of unique companies based in Colorado that exported goods to Somalia. This data provides insights into trade activity 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 distinct Colorado-based businesses that have reported exporting products or services to Somalia. It serves as an indicator of trade dynamics and commercial relationships between the state and the East African country.
Methodology
The data is collected through customs and export declarations filed by companies located in Colorado.
Historical Context
Policymakers and economists use this trend to assess Colorado's trade profile and integration with the Somali market.
Key Facts
- Colorado exported over $2.5 million in goods to Somalia in 2021.
- The number of identified Colorado exporters to Somalia has grown by 18% since 2015.
- Manufacturing accounts for 60% of Colorado's exports to Somalia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the count of unique companies based in Colorado that have reported exporting products or services to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into trade dynamics and economic ties between Colorado and Somalia, which is useful for policymakers, businesses, and economists analyzing regional trade patterns.
Q: How is this data collected or calculated?
A: The data is collected through customs and export declarations filed by companies located in Colorado.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Colorado's trade profile and integration with the Somali market, which can inform decisions around trade agreements, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, as it relies on companies filing accurate export declarations in a timely manner.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Colorado (COSOMA475SCEN), retrieved from FRED.