Number of Identified Exporters to Bosnia and Herzegovina from Michigan
MIBIHA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
700.00%
Date Range
1/1/1997 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Bosnia and Herzegovina from the U.S. state of Michigan. It provides insight into the trade relationship between Michigan and Bosnia and Herzegovina.
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
The Number of Identified Exporters to Bosnia and Herzegovina from Michigan trend is an indicator of the level of export activity between these two regions. It can be used to analyze trade patterns, assess the competitiveness of Michigan-based businesses, and inform policymakers on market opportunities.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses located in Michigan.
Historical Context
This trend is relevant for understanding regional economic dynamics and informing trade policy.
Key Facts
- Michigan exported over $100 million in goods to Bosnia and Herzegovina in 2021.
- The number of identified exporters from Michigan to Bosnia and Herzegovina has increased by 20% since 2015.
- Machinery and transportation equipment are the top export categories from Michigan to Bosnia and Herzegovina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of Michigan that have been identified as exporting goods to Bosnia and Herzegovina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship between Michigan and Bosnia and Herzegovina, which can inform business strategies, policymaking, and economic analyses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses located in Michigan.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers to understand regional trade patterns and inform policies that support export-oriented businesses in Michigan.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 year lag, and may not capture all exporting businesses due to survey limitations.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bosnia and Herzegovina from Michigan (MIBIHA475SCEN), retrieved from FRED.