Value of Exports to Barbados from Illinois
ILBRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,889,632.00
Year-over-Year Change
-51.94%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the value of exports from the U.S. state of Illinois to the Caribbean island nation of Barbados. It provides insight into trade patterns and economic ties 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
The Value of Exports to Barbados from Illinois series measures the dollar value of goods and services exported from Illinois to Barbados over a given time period. This metric is used by economists and policymakers to analyze the strength of economic relationships and trade flows between specific U.S. states and other countries.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on official customs and trade records.
Historical Context
Trends in state-level exports are closely monitored for their implications on employment, industry performance, and broader economic policy.
Key Facts
- Illinois is a major exporting state in the United States.
- Barbados is a small island nation in the Caribbean Sea.
- Trade data is reported at the state-country level
FAQs
Q: What does this economic trend measure?
A: This indicator measures the dollar value of exports from the U.S. state of Illinois to the country of Barbados over a given time period.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data provides insights into regional economic relationships and trade patterns that are important for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on official customs and trade records.
Q: How is this trend used in economic policy?
A: Trends in state-level exports are closely monitored for their implications on employment, industry performance, and broader economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to typical lags in customs reporting and may not reflect the most current trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Illinois (ILBRBA052SCEN), retrieved from FRED.