Number of Identified Exporters to British Indian Ocean Territory from Michigan
MIIOTA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/2003 - 1/1/2016
Summary
This economic trend measures the number of identified exporters to the British Indian Ocean Territory from the U.S. state of Michigan. It provides insight into the trade relationship between Michigan and this overseas territory.
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 British Indian Ocean Territory from Michigan is a data series that tracks the total count of Michigan-based companies that export goods and services to the British Indian Ocean Territory. This metric is useful for analyzing trade patterns and the commercial activity between these two geographic areas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is relevant for policymakers, trade analysts, and businesses interested in Michigan's international commerce.
Key Facts
- Michigan exported over $54 billion in goods and services in 2021.
- The British Indian Ocean Territory is a remote archipelago in the Indian Ocean.
- Exporters to the British Indian Ocean Territory account for a small fraction of Michigan's total export activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of identified exporters from the U.S. state of Michigan that ship goods and services to the British Indian Ocean Territory.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Michigan's trade relationship with the British Indian Ocean Territory, which can inform economic policies, business strategies, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses operating in Michigan.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts can use this trend to understand Michigan's export activity and guide decisions related to international commerce and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodological limitations of the U.S. Census Bureau's export surveys.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to British Indian Ocean Territory from Michigan (MIIOTA475SCEN), retrieved from FRED.