Number of Identified Exporters to Guinea-Bissau from Louisiana
LAGNBA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Number of Identified Exporters to Guinea-Bissau from Louisiana' series tracks the total number of businesses located in Louisiana that export to Guinea-Bissau. This metric provides insight into the trade relationship 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 data series represents the count of unique Louisiana-based companies that have been identified as exporting goods or services to Guinea-Bissau. It serves as an indicator of the level of economic activity and commercial ties between the U.S. state and the West African country.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Historical Context
Economists and policymakers use this trend to assess the strength of Louisiana's export markets and identify potential areas for trade expansion or policy support.
Key Facts
- Louisiana has over 250,000 businesses.
- Guinea-Bissau's GDP was $1.5 billion in 2020.
- The U.S. is Guinea-Bissau's largest import partner.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of businesses located in Louisiana that have been identified as exporting goods or services to Guinea-Bissau.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship between Louisiana and Guinea-Bissau, which can inform economic policy, investment decisions, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of Louisiana's export markets and identify potential areas for trade expansion or policy support.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limitations in capturing all exporting businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Guinea-Bissau from Louisiana (LAGNBA475SCEN), retrieved from FRED.