Number of Identified Exporters to Ethiopia from Illinois
ILETHA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.00
Year-over-Year Change
66.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ethiopia from Illinois' series tracks the count of businesses based in Illinois that export goods to Ethiopia. This metric provides insight into trade flows 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
This series represents the number of unique exporting enterprises located in the state of Illinois that have shipped goods to Ethiopia. It serves as an indicator of the level of commercial activity and trade connectivity between Illinois and the Ethiopian market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to monitor the health of Illinois' export sector and evolving trade relationships.
Key Facts
- Illinois is one of the top exporting states in the U.S.
- Ethiopia is an emerging market for Illinois exporters.
- Exporting supports thousands of jobs in the Illinois economy.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of businesses based in Illinois that export goods to Ethiopia, providing insight into trade flows between the two regions.
Q: Why is this trend relevant for users or analysts?
A: The number of identified exporters is an important indicator of the strength and connectivity of Illinois' export sector, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor the health of Illinois' export sector and evolving trade relationships, informing decisions on trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There may be some time lag in data reporting, as the Census Bureau collects and processes the information.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ethiopia from Illinois (ILETHA475SCEN), retrieved from FRED.