Number of Identified Exporters to Kiribati from Michigan
MIKIRA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-90.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Kiribati from Michigan' trend measures the count of unique companies based in Michigan that export goods to the island nation of Kiribati. This metric provides insight into the trade and economic ties between the U.S. state of Michigan and the Pacific island country.
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 economic indicator tracks the number of distinct businesses located in Michigan that have successfully exported products or services to Kiribati. It offers a view into the level of commercial activity and market access for Michigan firms in this remote trade destination.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this metric to monitor the health of Michigan's export economy and identify opportunities to expand market access for local businesses.
Key Facts
- Michigan is a major U.S. exporting state.
- Kiribati is a remote Pacific island nation.
- Exporting supports economic growth and jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique companies based in the U.S. state of Michigan that have successfully exported goods or services to the island nation of Kiribati.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade and commercial ties between Michigan and Kiribati, offering a view into the health and reach of Michigan's export economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this indicator to monitor Michigan's export activity and identify opportunities to expand market access for local businesses.
Q: Are there update delays or limitations?
A: The data may be subject to time lags due to the survey-based collection methodology.
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Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Kiribati
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Life Expectancy at Birth, Total for Kiribati
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Kiribati from Michigan (MIKIRA475SCEN), retrieved from FRED.