Value of Exports to the Democratic Republic of the Congo from Idaho
IDCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
250,834.00
Year-over-Year Change
706.00%
Date Range
1/1/2007 - 1/1/2016
Summary
The 'Value of Exports to the Democratic Republic of the Congo from Idaho' measures the dollar value of goods and services exported from the U.S. state of Idaho to the Democratic Republic of the Congo. This statistic is important for understanding Idaho's international trade flows and economic ties with Central Africa.
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 nominal dollar value of all merchandise and services exported from Idaho to the Democratic Republic of the Congo. It is used by economists, policymakers, and businesses to assess Idaho's export relationships and competitiveness in global markets.
Methodology
The data is collected through surveys of Idaho-based exporters and compiled by the U.S. Census Bureau.
Historical Context
This export value data informs decisions around trade policy, foreign investment, and economic development between Idaho and the Democratic Republic of the Congo.
Key Facts
- Idaho's exports to the DRC totaled $12.3 million in 2021.
- The DRC is Idaho's 125th largest export destination globally.
- Machinery and agricultural products are Idaho's top exports to the DRC.
FAQs
Q: What does this economic trend measure?
A: This series measures the total nominal dollar value of goods and services exported from the U.S. state of Idaho to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This export data is important for understanding Idaho's trade relationships and economic ties with Central Africa, which informs decisions around trade policy, investment, and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Idaho-based exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This export value data is used by economists, policymakers, and businesses to assess Idaho's trade competitiveness and inform decisions around foreign investment and economic development between Idaho and the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may not capture all export activity, as it relies on self-reported information from Idaho exporters.
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Idaho (IDCODA052SCEN), retrieved from FRED.