Number of Identified Exporters to Dominican Republic from Connecticut
CTDOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189.00
Year-over-Year Change
30.34%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of businesses identified as exporters to the Dominican Republic from the U.S. state of Connecticut. It provides insight into the trade dynamics and economic linkages between Connecticut and the Dominican 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
The Number of Identified Exporters to Dominican Republic from Connecticut series tracks the count of businesses located in Connecticut that are reported to be exporting goods or services to the Dominican Republic. This metric is used by economists and policymakers to analyze patterns of international trade and the strength of economic ties between specific U.S. states and foreign markets.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is relevant for assessing the export competitiveness of Connecticut businesses and the overall health of trade relationships.
Key Facts
- Connecticut exported $289 million worth of goods to the Dominican Republic in 2021.
- The number of identified exporters from Connecticut to the Dominican Republic has increased by 12% since 2015.
- The top exported products from Connecticut to the Dominican Republic are machinery, chemicals, and computer equipment.
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 are identified as exporting goods or services to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength of trade relationships between Connecticut and the Dominican Republic, which is useful for economists, policymakers, and businesses analyzing patterns of international commerce.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the export competitiveness of Connecticut businesses and the overall health of trade relationships between specific U.S. states and foreign markets.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend only covers exporting businesses that are formally identified, which may not capture all trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominican Republic from Connecticut (CTDOMA475SCEN), retrieved from FRED.