Number of Identified Exporters to Congo from Michigan
MICOGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
100.00%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Number of Identified Exporters to Congo from Michigan' metric tracks the count of businesses based in Michigan that export goods or services to the Democratic Republic of the Congo.
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 economic trend provides insight into the trade relationship between Michigan and the Congo, highlighting the level of commercial activity and potential business opportunities between the two regions.
Methodology
The data is collected through surveys and administrative records on international trade activities.
Historical Context
This metric can inform state and federal policymakers on the state of Michigan's economic ties with the Congolese market.
Key Facts
- Michigan is a major exporting state in the U.S.
- The Congo is a developing market with growing trade potential.
- Tracking exporter counts can indicate Michigan's economic relationship with the Congo.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses based in Michigan that export goods or services to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Michigan and the Congo, which can inform economic policy and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records on international trade activities.
Q: How is this trend used in economic policy?
A: This trend can inform state and federal policymakers on the state of Michigan's economic ties with the Congolese market, which may guide trade policies and investment decisions.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and may not capture all exporting activity, particularly from smaller businesses.
Related Trends
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SDCOGA475SCEN
Constant GDP per capita for the Republic of the Congo
NYGDPPCAPKDCOG
Remittance Inflows to GDP for Congo
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Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Congo
COGFCBODCLNUM
Number of Identified Exporters to Congo from Vermont
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Congo from Michigan (MICOGA475SCEN), retrieved from FRED.