Value of Exports to Barbados from Massachusetts
MABRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,390,347.00
Year-over-Year Change
31.96%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Barbados from Massachusetts' measures the dollar value of goods and services exported from the U.S. state of Massachusetts to the Caribbean island nation of Barbados. This metric is closely watched by economists and policymakers to assess trade patterns and economic relationships.
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 tracks the total value of exports originating from Massachusetts and destined for Barbados. It provides insight into the commercial ties between the two economies and can indicate changes in trade flows, business activity, and geopolitical relationships.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative sources.
Historical Context
Analysts use this export data to monitor the health of Massachusetts' export-oriented industries and the state's broader economic performance.
Key Facts
- Massachusetts is a major exporting state, with over $27 billion in annual exports.
- Barbados is an important trade partner for Massachusetts, ranking among the top 50 export destinations.
- Exports to Barbados account for about 0.2% of total Massachusetts exports.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of goods and services exported from the U.S. state of Massachusetts to the Caribbean nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: The 'Value of Exports to Barbados from Massachusetts' provides insight into trade patterns and the commercial relationship between the two economies, which is of interest to economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this export data to monitor the health of Massachusetts' export-oriented industries and the state's broader economic performance, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Massachusetts (MABRBA052SCEN), retrieved from FRED.