Value of Exports to Sweden from Connecticut
CTSWEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,004,070.00
Year-over-Year Change
-19.98%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Sweden from Connecticut' series measures the total value of goods and services exported from the U.S. state of Connecticut to Sweden. This metric is an important indicator of the trade relationship between the two economies.
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 dollar value of all products and services sent from Connecticut businesses and producers to customers in Sweden. It provides insight into the strength of trade ties and commercial activity between the two regions.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to understand Connecticut's export performance and the dynamics of its international trade.
Key Facts
- Connecticut exported $XXX million in goods and services to Sweden in 2022.
- Sweden is Connecticut's Xth largest export market globally.
- The state's exports to Sweden have grown by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of exports from the U.S. state of Connecticut to Sweden. It quantifies the dollar amount of goods and services sent from Connecticut businesses to customers in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Connecticut and Sweden, which is an important indicator of economic activity and commercial ties between the two regions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Census Bureau and compiled into this series.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export data to understand Connecticut's trade performance and the dynamics of its international commerce, which can inform decisions around economic development, trade agreements, and other policies.
Q: Are there update delays or limitations?
A: The data is published with a X-month delay, so the most recent figures may not fully reflect the current trade environment. Additionally, the survey-based methodology may not capture all export activity.
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Citation
U.S. Federal Reserve, Value of Exports to Sweden from Connecticut (CTSWEA052SCEN), retrieved from FRED.