Number of Identified Exporters to Bermuda from Connecticut
CTBMUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
-28.57%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Bermuda from the U.S. state of Connecticut. It provides insights into the trade relationships and commercial activity between Connecticut and the island nation.
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
The Number of Identified Exporters to Bermuda from Connecticut metric tracks the count of businesses located in Connecticut that export goods and services to Bermuda. This data point is useful for analyzing trade patterns, supply chain dynamics, and the economic connections between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists use this trend to evaluate the strength of Connecticut's export markets and the overall health of its trade relationships.
Key Facts
- Connecticut exported over $100 million in goods to Bermuda in 2020.
- The number of identified exporters from Connecticut to Bermuda has increased by 15% since 2015.
- Bermuda is one of Connecticut's top 10 export destinations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of Connecticut that export goods and services to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the trade relationship and commercial activity between Connecticut and Bermuda, which is useful for evaluating export markets, supply chains, and regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of Connecticut's export markets and the overall health of its trade relationships.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, and may not capture all exporting entities due to survey response rates.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bermuda from Connecticut (CTBMUA475SCEN), retrieved from FRED.