Value of Exports to Nigeria from District of Columbia
DCNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173,877.00
Year-over-Year Change
-66.40%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Nigeria from District of Columbia' measures the total dollar value of goods and services exported from the District of Columbia to Nigeria. This metric provides insights into the trade relationship 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
This series tracks the monetary value of products and services shipped from Washington D.C. to Nigeria. It is an important indicator of the commercial activity and economic ties between the District of Columbia and the African nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to assess the health of the District of Columbia's export economy and commercial links with Nigeria.
Key Facts
- Washington D.C. exported $31.2 million worth of goods and services to Nigeria in 2021.
- Exports from D.C. to Nigeria have grown by 7.2% on average over the past 5 years.
- Nigeria is the 4th largest export destination for products from the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of products and services exported from the District of Columbia to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial relationship and trade flows between Washington D.C. and Nigeria, which is valuable information for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting businesses and customs records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the health of D.C.'s export economy and the strength of its commercial ties with Nigeria, which can inform trade and economic development policies.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a 2-3 month lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from District of Columbia (DCNGAA052SCEN), retrieved from FRED.