Number of Identified Exporters to the Democratic Republic of the Congo from Michigan
MICODA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of businesses located in Michigan that export goods and services to the Democratic Republic of the Congo. It provides insight into the trade relationship between Michigan and the DRC.
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 the Democratic Republic of the Congo from Michigan trend tracks the count of companies based in the U.S. state of Michigan that sell products or services to customers in the DRC. This data point is used by economists and policymakers to analyze the commercial ties between the two regions.
Methodology
The data is collected through surveys and trade reporting by the U.S. Census Bureau.
Historical Context
This metric is relevant for understanding patterns in international trade and identifying opportunities for economic growth.
Key Facts
- Michigan is a major U.S. exporting state.
- The DRC is a developing market with economic potential.
- Tracking exporter counts can reveal trade relationship trends.
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 export goods or services to customers in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the trade relationship between Michigan and the DRC, which is useful for economists, policymakers, and businesses interested in international commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys and trade reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric can inform decisions around trade agreements, investment promotion, and strategies to expand commercial ties between regions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey-based methodology may not capture all exporting activity.
Related Trends
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Congo
CODFCIOFMNUM
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Congo
CODFCBODDNUM
Number of Identified Exporters to the Democratic Republic of the Congo from Texas
TXCODA475SCEN
Number of Identified Exporters to the Democratic Republic of the Congo from Puerto Rico
PRCODA475SCEN
Number of Identified Exporters to the Democratic Republic of the Congo from Utah
UTCODA475SCEN
Number of Identified Exporters to the Democratic Republic of the Congo from South Dakota
SDCODA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to the Democratic Republic of the Congo from Michigan (MICODA475SCEN), retrieved from FRED.