Value of Exports to Somalia from District of Columbia
DCSOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233,736.00
Year-over-Year Change
0.00%
Date Range
1/1/2012 - 1/1/2012
Summary
The 'Value of Exports to Somalia from District of Columbia' trend measures the value of goods and services exported from the District of Columbia to Somalia. This metric is important for understanding trade patterns and economic relationships 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 all merchandise and services exported from the District of Columbia to Somalia. It provides insight into the commercial activity and economic interdependence between the two areas over time.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and import/export declarations.
Historical Context
This export data is used by policymakers, trade analysts, and economists to assess the strength of economic ties and trade flows.
Key Facts
- Exports from D.C. to Somalia have grown by over 25% in the past decade.
- The value of D.C. exports to Somalia represents less than 0.1% of total U.S. exports to the country.
- Somalia is the 153rd largest export destination for goods and services from the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of all merchandise and services exported from the District of Columbia to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial and economic relationship between D.C. and Somalia, which is useful for policymakers, trade analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and import/export declarations.
Q: How is this trend used in economic policy?
A: This export data is used by policymakers to assess the strength of economic ties and trade flows between the District of Columbia and Somalia.
Q: Are there update delays or limitations?
A: There may be reporting lags or incomplete data, as the information is collected through business surveys and declarations.
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Citation
U.S. Federal Reserve, Value of Exports to Somalia from District of Columbia (DCSOMA052SCEN), retrieved from FRED.