Value of Exports to Panama from Connecticut
CTPANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,371,820.00
Year-over-Year Change
159.42%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Connecticut to Panama. It provides insights into trade flows and economic integration 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
The 'Value of Exports to Panama from Connecticut' series tracks the dollar value of goods and services exported from Connecticut to Panama over time. This metric is useful for analyzing regional trade patterns and the commercial relationship between the state and Panama.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and businesses can use this trend to understand Connecticut's export performance and identify opportunities for expanding trade with Panama.
Key Facts
- Connecticut exported over $280 million in goods to Panama in 2021.
- Exports from Connecticut to Panama have grown by 75% since 2010.
- Panama is Connecticut's 23rd largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Connecticut to Panama. It tracks the dollar amount of goods and services shipped from Connecticut to Panama over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between Connecticut and Panama, which can be useful for policymakers, businesses, and economists analyzing regional trade patterns and commercial ties.
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 businesses can use this trend to understand Connecticut's export performance and identify opportunities for expanding trade with Panama.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Value of Exports to Panama from Connecticut (CTPANA052SCEN), retrieved from FRED.