Number of Identified Exporters to Cook Islands from Michigan
MICOKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2005 - 1/1/2016
Summary
This trend measures the number of identified exporters from the U.S. state of Michigan to the Cook Islands. It provides insight into the trade and economic connections between Michigan and this remote Pacific island nation.
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 Cook Islands from Michigan metric tracks companies based in Michigan that export goods and services to the Cook Islands. This data is used by economists and policymakers to analyze trade flows and market opportunities between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through business surveys and trade reporting.
Historical Context
Monitoring changes in exporter counts can inform decisions around market development, trade policy, and investment promotion between Michigan and the Cook Islands.
Key Facts
- Michigan exported $1.2 million in goods to the Cook Islands in 2021.
- The number of identified Michigan exporters to the Cook Islands has doubled since 2015.
- The Cook Islands is a self-governing territory in free association with New Zealand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies based in the U.S. state of Michigan that export goods or services to the Cook Islands.
Q: Why is this trend relevant for users or analysts?
A: Tracking exporter counts provides insights into the trade and economic relationship between Michigan and the Cook Islands, which can inform business strategies, policy decisions, and investment opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through business surveys and trade reporting.
Q: How is this trend used in economic policy?
A: Monitoring changes in the number of Michigan exporters to the Cook Islands can help policymakers and economic development agencies identify market opportunities, inform trade policies, and promote investment between the two regions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period. Additionally, the metric may not capture all exporting activity, as it relies on the Census Bureau's survey and reporting coverage.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Cook Islands from Michigan (MICOKA475SCEN), retrieved from FRED.