Number of Identified Exporters to Costa Rica from Michigan
MICRIA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
265.00
Year-over-Year Change
120.83%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Costa Rica from Michigan trend measures the count of businesses in Michigan that export goods to Costa Rica. This provides insights into the trade dynamics 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
This series tracks the number of Michigan-based companies that have identified themselves as exporting to Costa Rica. It offers a proxy for the level of trade engagement and commercial ties between the state and the Latin American country.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
The trend is used by economists and policymakers to monitor the health of Michigan's export sector and its evolving trade relationships.
Key Facts
- Michigan is a major U.S. exporting state.
- Costa Rica is an important trade partner for the U.S. Midwest.
- The trend has seen modest growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Michigan that have identified themselves as exporting goods to Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: The trend provides insights into the trade dynamics between Michigan and Costa Rica, offering a gauge of the commercial ties and export activity between the two regions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the health of Michigan's export sector and its evolving trade relationships.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all exporters, as participation in the surveys is voluntary.
Related Trends
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CRICCUSSP02STQ
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Costa Rica
CRINAEXKP04GPSAQ
Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Costa Rica
CRIFCRODUANUM
Number of Identified Exporters to Costa Rica from Pennsylvania
PACRIA475SCEN
Consumer Price Index: Education (COICOP 10): Total for Costa Rica
CRICP100000GPM
Balance of Payments: Current account balance (credit less debit) for Costa Rica
CRIBCAGDPBP6
Citation
U.S. Federal Reserve, Number of Identified Exporters to Costa Rica from Michigan (MICRIA475SCEN), retrieved from FRED.