Number of Identified Exporters to Benin from Minnesota
MNBENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
200.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Benin from Minnesota' trend measures the count of businesses located in Minnesota that sell goods or services to Benin. This metric provides insight into the trade relationship between the U.S. state of Minnesota and the West African country of Benin.
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 number of unique companies based in Minnesota that have been identified as exporting to Benin. It serves as an indicator of the level of commercial activity and economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of business establishments.
Historical Context
Policymakers and trade analysts use this information to evaluate Minnesota's export performance and commercial engagement with international markets.
Key Facts
- Minnesota exported $X.XX million worth of goods to Benin in the last year.
- The number of Minnesota exporters to Benin has increased/decreased by Y% over the past 5 years.
- Benin is the Zth largest export destination for Minnesota businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in the U.S. state of Minnesota that have been identified as exporting goods or services to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and level of commercial activity between Minnesota and Benin, which is useful for policymakers, trade analysts, and businesses seeking to understand regional export dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of business establishments.
Q: How is this trend used in economic policy?
A: Governments, trade organizations, and economic analysts use this information to evaluate Minnesota's export performance and commercial engagement with international markets like Benin.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data, and the survey methodology may not capture all exporting businesses.
Related Trends
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Benin
BENFCBODCNUM
Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Benin
BENFCDODCHANUM
Number of Identified Exporters to Benin from Kansas
KSBENA475SCEN
Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCRMFNPENUM
Bank's Return on Assets for Benin
DDEI05BJA156NWDB
Number of Identified Exporters to Benin from Wyoming
WYBENA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Benin from Minnesota (MNBENA475SCEN), retrieved from FRED.