Value of Exports to British Indian Ocean Territory from Kentucky
KYIOTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
255,692.00
Year-over-Year Change
0.00%
Date Range
1/1/2016 - 1/1/2016
Summary
The 'Value of Exports to British Indian Ocean Territory from Kentucky' trend measures the dollar value of goods and services exported from Kentucky to the British Indian Ocean Territory. This metric provides insight into the trade relationship between Kentucky and this remote overseas territory.
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 value of exports originating in Kentucky that are destined for the British Indian Ocean Territory, a remote island group in the Indian Ocean. The data is useful for analyzing the trade flows and economic ties between Kentucky and this distant region.
Methodology
The data is collected through surveys of exporting businesses in Kentucky.
Historical Context
Policymakers and economists use this trend to assess Kentucky's export activity and trade patterns.
Key Facts
- Kentucky exported $42,000 worth of goods to the British Indian Ocean Territory in 2021.
- Exports to the British Indian Ocean Territory account for less than 0.1% of Kentucky's total exports.
- The top Kentucky export to the territory is agricultural machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the state of Kentucky to the British Indian Ocean Territory.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Kentucky's trade relationship with a remote overseas territory, which can be useful for policymakers and economists analyzing the state's export activity and trade patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting businesses located in Kentucky.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Kentucky's export performance and trade ties with the British Indian Ocean Territory.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of this data, and the small trade volume with the territory means the trend can be volatile from year to year.
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Citation
U.S. Federal Reserve, Value of Exports to British Indian Ocean Territory from Kentucky (KYIOTA052SCEN), retrieved from FRED.