Number of Identified Exporters to Gambia from Michigan
MIGMBA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-57.14%
Date Range
1/1/2002 - 1/1/2016
Summary
This economic trend measures the number of identified exporters to Gambia from the U.S. state of Michigan. It provides insights into the trade dynamics between Michigan and the Gambian market.
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 Gambia from Michigan series tracks the count of unique companies or entities located in Michigan that have reported exporting goods or services to Gambia. This data is used by economists and policymakers to analyze trade patterns and the engagement of Michigan businesses in the Gambian market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding Michigan's export activity and its economic ties with Gambia.
Key Facts
- Michigan is one of the top exporting states in the U.S.
- Gambia is a small West African country with a growing economy.
- Exporters play a crucial role in driving economic growth and trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique companies or entities located in the U.S. state of Michigan that have reported exporting goods or services to Gambia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the trade dynamics between Michigan and the Gambian market, which is useful for economists, policymakers, and businesses interested in understanding Michigan's export engagement.
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: This trend is used by economists and policymakers to analyze trade patterns and the engagement of Michigan businesses in the Gambian market, which can inform policies related to international trade and economic development.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in capturing all exporting entities, as the collection relies on surveys and administrative records.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Gambia from Michigan (MIGMBA475SCEN), retrieved from FRED.