Imports of Goods for U.S. Virgin Islands
IMPTOTVI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.54
Year-over-Year Change
-17.03%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for U.S. Virgin Islands' trend measures the total value of goods imported into the U.S. Virgin Islands. This data is crucial for understanding the territory's trade dynamics and economic activity.
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 total value of merchandise imported into the U.S. Virgin Islands, including consumer goods, capital equipment, and raw materials. Economists and policymakers analyze this data to assess the territory's economic health and trade relationships.
Methodology
The data is collected by the U.S. Census Bureau through surveys of importers and customs records.
Historical Context
Trends in U.S. Virgin Islands imports provide insights into consumer demand, business investment, and the overall trade balance.
Key Facts
- The U.S. Virgin Islands is a U.S. territory located in the Caribbean.
- Imports account for a significant portion of the territory's economic activity.
- Import data is used to monitor the U.S. Virgin Islands' trade balance.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for U.S. Virgin Islands' trend measures the total value of merchandise imported into the U.S. Virgin Islands, including consumer goods, capital equipment, and raw materials.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the U.S. Virgin Islands' trade dynamics and economic activity, as imports play a significant role in the territory's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Trends in U.S. Virgin Islands imports provide insights into consumer demand, business investment, and the overall trade balance, which are important considerations for policymakers and economists.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions of U.S. government economic statistics.
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Citation
U.S. Federal Reserve, Imports of Goods for U.S. Virgin Islands (IMPTOTVI), retrieved from FRED.