Value of Exports to Switzerland from Florida
FLCHEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,338,036,864.00
Year-over-Year Change
1340.49%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Switzerland from Florida measures the total dollar value of goods and services exported from the state of Florida to Switzerland. This metric is important for understanding Florida's trade relationships and economic connections with global markets.
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 total value of exports originating from Florida and destined for Switzerland. It is a key indicator of the commercial and economic ties between the two regions and can provide insights into Florida's export-oriented industries and their performance.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs declarations.
Historical Context
Policymakers and analysts use this trend to assess Florida's trade dynamics and competitiveness in the global economy.
Key Facts
- Florida is a major exporting state, accounting for over $55 billion in exports annually.
- Switzerland is one of Florida's top trading partners, receiving over $1 billion in exports per year.
- The value of exports to Switzerland has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Florida to Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Florida's trade relationships and the performance of its export-oriented industries, which is important for understanding the state's economic connections and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Florida's trade dynamics and competitiveness, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a lag of several weeks. There may be limitations in capturing all export activity, particularly for smaller businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Switzerland from Florida (FLCHEA052SCEN), retrieved from FRED.