Number of Identified Exporters to Nicaragua from Michigan
MINICA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.00
Year-over-Year Change
216.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nicaragua from Michigan' measures the count of Michigan-based businesses that export goods to Nicaragua. This metric provides insight into trade activity and economic ties 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 unique exporters located in the state of Michigan that sell products or services to customers in Nicaragua. It serves as an indicator of the commercial and trade relationship between the two economies.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to understand the flow of goods and services between Michigan and Nicaragua.
Key Facts
- Michigan exported over $50 million in goods to Nicaragua in 2021.
- The number of identified Michigan exporters to Nicaragua has increased by 15% since 2015.
- Top export categories from Michigan to Nicaragua include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the state of Michigan that export goods or services to customers in Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of Michigan exporters to Nicaragua provides insight into the trade relationship and economic ties between the two regions, 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 and administrative records of exporters.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies monitor this trend to understand patterns in international trade and assess the effectiveness of policies aimed at supporting exporting businesses.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period. Additionally, the dataset may not capture all exporters, especially smaller or less-established businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nicaragua from Michigan (MINICA475SCEN), retrieved from FRED.