Value of Exports to the Democratic Republic of the Congo from Michigan
MICODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170,374.00
Year-over-Year Change
-53.71%
Date Range
1/1/2005 - 1/1/2015
Summary
This economic trend measures the value of exports from the U.S. state of Michigan to the Democratic Republic of the Congo. It provides insights into trade activity and economic ties 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
The Value of Exports to the Democratic Republic of the Congo from Michigan represents the total dollar value of goods and services exported from Michigan to the DRC. This metric is used by policymakers and analysts to assess the commercial relationship and trade flows between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Michigan exporters.
Historical Context
Tracking this trend can inform decisions around trade policy, investment, and economic development between Michigan and the DRC.
Key Facts
- Michigan is a major U.S. exporting state.
- The DRC is a growing market for Michigan exports.
- Exports support jobs and economic growth in Michigan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Michigan to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: Tracking Michigan's exports to the DRC provides insights into the trade and economic relationship between the two regions, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Michigan-based exporters.
Q: How is this trend used in economic policy?
A: This trend can inform decisions around trade policy, investment, and economic development initiatives between Michigan and the DRC.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the trend may not capture all export activity, especially for smaller or informal trade.
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Michigan (MICODA052SCEN), retrieved from FRED.