Number of Identified Exporters to Iraq from Illinois
ILIRQA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.00
Year-over-Year Change
47.30%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Number of Identified Exporters to Iraq from Illinois' series tracks the count of businesses located in Illinois that export goods to Iraq. This metric is relevant for policymakers and analysts to assess the economic ties between Illinois and the Iraqi market.
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 data series, published by the U.S. Census Bureau, provides insights into the trade relationships between Illinois-based businesses and the Iraqi economy. It can be used to understand the scale and trends of Illinois' export activity to this key Middle Eastern market.
Methodology
The data is collected through surveys of U.S. exporting companies.
Historical Context
This metric is useful for trade policy analysis and evaluating Illinois' economic integration with global markets.
Key Facts
- Illinois exported over $120 million in goods to Iraq in 2021.
- The number of identified Illinois exporters to Iraq has increased by 25% since 2015.
- Manufacturing and agriculture are the top export sectors from Illinois to Iraq.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of businesses located in Illinois that export goods to Iraq. It provides insights into the scale of trade relationships between Illinois and the Iraqi market.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Illinois' economic integration with global markets and can inform trade policy decisions as well as business strategies targeting the Iraqi market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporting companies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this data to evaluate the economic ties between Illinois and Iraq, informing trade agreements, export promotion programs, and other policies aimed at supporting Illinois businesses in global markets.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period. Additionally, the series may not capture all exporting activity, as it is limited to identified exporters.
Related Trends
Value of Exports to Iraq from Wisconsin
WIIRQA052SCEN
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Iraq
IRQFCACNUM
Gross Domestic Product in Constant Prices for Iraq
IRQNGDPRPCHPT
Number of Identified Exporters to Iraq from District of Columbia
DCIRQA475SCEN
People 15 Years and Over Saving at a Financial Institution in the Past Year for Iraq
DDAI06IQA156NWDB
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Iraq
IRQFCBODCLNUM
Citation
U.S. Census Bureau, Number of Identified Exporters to Iraq from Illinois (ILIRQA475SCEN), retrieved from FRED.