Value of Exports to Nicaragua from Idaho
IDNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
830,846.00
Year-over-Year Change
23.30%
Date Range
1/1/1997 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Idaho to Nicaragua. It provides insight into trade dynamics between the two regions and is relevant for understanding regional trade patterns and flows.
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
The Value of Exports to Nicaragua from Idaho series tracks the total dollar value of goods and services exported from the state of Idaho to the country of Nicaragua. This metric is used by economists and policymakers to analyze regional trade relationships and market access.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other export entities.
Historical Context
This trend can inform decisions around trade policy, investment, and economic development strategies.
Key Facts
- Idaho exported $7.2 million in goods to Nicaragua in 2021.
- Machinery and computer/electronic products are Idaho's top exports to Nicaragua.
- Nicaragua was Idaho's 50th largest export market in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Idaho to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional trade dynamics and can inform decisions around trade policy, investment, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other export entities.
Q: How is this trend used in economic policy?
A: This trend can be used by economists, policymakers, and market analysts to understand trade relationships and inform decisions around trade policy, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Idaho (IDNICA052SCEN), retrieved from FRED.