Value of Exports to Guinea from Michigan
MIGINA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192,939.00
Year-over-Year Change
167.37%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Guinea from Michigan' trend measures the dollar value of merchandise exports from the state of Michigan to the country of Guinea. This data provides insights into trade flows and economic relationships 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 represents the total value of physical goods and commodities exported from Michigan to Guinea. It is an important indicator of the commercial and economic ties between the two areas, and can be used by policymakers, businesses, and analysts to assess trade patterns and the strength of the bilateral relationship.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs declarations.
Historical Context
This metric is relevant for understanding Michigan's export economy and its engagement with the Guinean market.
Key Facts
- Michigan exported $2.4 million in goods to Guinea in 2021.
- Machinery and vehicle parts are major export categories from Michigan to Guinea.
- Guinea ranks 110th among destinations for Michigan's global exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of merchandise exports from the U.S. state of Michigan to the country of Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship and economic linkages between Michigan and Guinea, which is useful 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 exporting companies and customs declarations.
Q: How is this trend used in economic policy?
A: This metric can be used by government agencies, trade organizations, and businesses to monitor and assess Michigan's export activity and economic engagement with the Guinean market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and publication due to the time required for collecting and processing the information from various sources.
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Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for Guinea
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Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Guinea
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Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Deposit Taking Microfinance Institutions (MFIs) for Guinea
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Citation
U.S. Federal Reserve, Value of Exports to Guinea from Michigan (MIGINA052SCEN), retrieved from FRED.