Value of Exports to Czech Republic from Connecticut
CTCZEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,314,689.00
Year-over-Year Change
485.62%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Czech Republic from Connecticut' metric tracks the dollar value of goods and services exported from the U.S. state of Connecticut to the Czech Republic. This data provides insight into the commercial trade relationship between Connecticut and the Czech Republic.
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 economic series measures the total value of exports originating from the state of Connecticut and destined for the Czech Republic. It is an important indicator of the strength of the trade and commercial ties between the two regions.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Economists and policymakers analyze this data to understand Connecticut's export market performance and assess the health of bilateral economic relations.
Key Facts
- Connecticut exported $130 million in goods to the Czech Republic in 2021.
- Machinery and aircraft were the top Connecticut exports to the Czech Republic.
- Export value has grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the U.S. state of Connecticut to the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade and commercial relationship between Connecticut and the Czech Republic, which is important for understanding regional economic performance and international commerce.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this data to assess the health of bilateral trade relations and inform decisions related to economic development, trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month lag in availability due to the time required for data collection and reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Czech Republic from Connecticut (CTCZEA052SCEN), retrieved from FRED.