Value of Exports to the Democratic Republic of the Congo from Illinois
ILCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
460,898.00
Year-over-Year Change
-30.75%
Date Range
1/1/2003 - 1/1/2016
Summary
The 'Value of Exports to the Democratic Republic of the Congo from Illinois' measures the value of goods and services exported from the U.S. state of Illinois to the Democratic Republic of the Congo. This metric provides insight into Illinois' trade relationships 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 dollar value of merchandise and services exported from Illinois to the Democratic Republic of the Congo over time. It is an important indicator of the commercial and economic linkages between the state and this African nation.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Historical Context
Policy makers and economists use this series to analyze Illinois' trade profile and the state's engagement with African markets.
Key Facts
- Illinois is a major U.S. exporting state.
- The Democratic Republic of the Congo is a key African trading partner.
- Trade with Africa represents a small but growing portion of Illinois' exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of merchandise and services exported from the U.S. state of Illinois to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Illinois' trade relationships and economic ties with Central Africa, which is useful for policymakers and economists analyzing the state's trade profile and engagement with African markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policy makers and economists use this series to analyze Illinois' trade profile and the state's engagement with African markets.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological practices of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Illinois (ILCODA052SCEN), retrieved from FRED.