Number of Identified Exporters to Iceland from Idaho
IDISLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
57.14%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Iceland from Idaho' metric tracks the volume of commercial trade between Idaho and Iceland, providing insights into the economic 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 economic indicator reports the count of unique businesses located in Idaho that have successfully exported goods or services to Iceland. It serves as a barometer for the strength of trade ties and commercial activity between the two areas.
Methodology
The data is collected through surveys and customs records by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts use this trend to assess the health of Idaho's export economy and commercial engagement with foreign markets.
Key Facts
- Idaho exported over $25 million in goods to Iceland in 2021.
- The number of identified Idaho exporters to Iceland has grown by 12% since 2015.
- Top exported products from Idaho to Iceland include agricultural commodities and machinery.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique businesses located in Idaho that have successfully exported goods or services to Iceland, providing insights into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for policymakers, economists, and market analysts to assess the health and growth of Idaho's export economy and its commercial engagement with foreign markets like Iceland.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys and customs records.
Q: How is this trend used in economic policy?
A: Governments and policymakers use this metric to guide trade agreements, economic development initiatives, and other policies that impact cross-border commerce between Idaho and Iceland.
Q: Are there update delays or limitations?
A: This data is published with a lag of several months, and may not capture all exporting activity due to limitations in survey responses and customs documentation.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Iceland from Idaho (IDISLA475SCEN), retrieved from FRED.