Value of Exports to United Kingdom from Connecticut
CTGBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,267,911,200.00
Year-over-Year Change
87.30%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Kingdom from Connecticut' measures the dollar value of goods and services exported from the state of Connecticut to the United Kingdom. This metric is important for assessing Connecticut's international trade relationships and economic ties with key trading partners.
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 represents the total value of exports originating from Connecticut and destined for the United Kingdom. It is a key indicator of the strength of Connecticut's export economy and its integration with global markets, particularly in a major destination like the UK.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of Connecticut-based businesses and export shipment records.
Historical Context
Policymakers and economists use this export data to monitor trade flows, identify growth opportunities, and evaluate the impacts of economic and trade policies.
Key Facts
- Connecticut is one of the top exporting states in the U.S.
- The UK is Connecticut's 4th largest export destination globally.
- Export-related jobs account for over 6% of Connecticut's total employment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of goods and services exported from the state of Connecticut to the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into Connecticut's international trade dynamics and economic integration with a major global partner like the UK.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Connecticut businesses and analysis of export shipment records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to monitor trade flows, identify growth opportunities, and evaluate the impacts of economic and trade policies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month lag in reporting this export data, and the figures may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to United Kingdom from Connecticut (CTGBRA052SCEN), retrieved from FRED.