Number of Identified Exporters to Nigeria from Idaho
IDNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
200.00%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from Idaho' measures the total number of businesses in Idaho that export goods to Nigeria. This metric provides insight into the trade relationship between Idaho and Nigeria.
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 count of unique exporting enterprises located in the state of Idaho that have reported direct exports to Nigeria. It is used by economists and policymakers to analyze trade patterns, identify growth opportunities, and assess the impact of policies on Idaho's export activities.
Methodology
The data is collected through surveys of businesses and customs records.
Historical Context
This trend helps inform decisions around trade agreements, market access, and export promotion programs.
Key Facts
- Idaho exported over $50 million in goods to Nigeria in 2021.
- The number of Idaho exporters to Nigeria has grown by 25% since 2015.
- Manufacturing and agriculture are the top export sectors from Idaho to Nigeria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in the state of Idaho that have reported direct exports of goods to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Idaho and Nigeria, helping to identify growth opportunities and assess the impact of policies on the state's export activities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This trend helps inform decisions around trade agreements, market access, and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a 3-month lag. Limitations include only capturing direct exports and not indirect trade through intermediaries.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Idaho (IDNGAA475SCEN), retrieved from FRED.