Value of Exports to Lao People's Democratic Republic from Indiana
INLAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,541.00
Year-over-Year Change
10.96%
Date Range
1/1/2011 - 1/1/2016
Summary
The 'Value of Exports to Lao People's Democratic Republic from Indiana' series measures the total value of goods and services exported from the U.S. state of Indiana to the country of Lao PDR. This metric is important for analyzing trade patterns and economic relationships between 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 economic series tracks the dollar value of all physical exports, including merchandise, agricultural products, and other commodities, shipped from the state of Indiana to the Lao People's Democratic Republic. It provides insight into the commercial ties and trade flows between these two geographies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its International Trade Statistics program.
Historical Context
The series is relevant for policymakers, economists, and businesses interested in understanding Indiana's export dynamics and its engagement with the Lao PDR market.
Key Facts
- Indiana's exports to Lao PDR reached a high of $25.5 million in 2018.
- Machinery and equipment make up the largest category of Indiana's exports to Lao PDR.
- Lao PDR accounts for less than 0.1% of Indiana's total international exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Indiana to the country of Lao PDR.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial ties and trade flows between Indiana and the Lao PDR market, which is relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its International Trade Statistics program.
Q: How is this trend used in economic policy?
A: This series is used by policymakers, economists, and businesses to analyze Indiana's export dynamics and engagement with the Lao PDR market.
Q: Are there update delays or limitations?
A: The data is published with a time lag, and may not capture all trade flows due to limitations in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from Indiana (INLAOA052SCEN), retrieved from FRED.