Value of Exports to Gambia from Minnesota
MNGMBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
417,305.00
Year-over-Year Change
612.00%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Gambia from Minnesota' trend measures the dollar value of goods exported from the U.S. state of Minnesota to the country of Gambia. This provides insight into the trade relationship between Minnesota and Gambia.
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 trend represents the dollar value of physical goods shipped from Minnesota to Gambia in a given time period. It is an important indicator of the strength of the export economy and trade flows between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policymakers and economists use this trend to analyze patterns in Minnesota's export activity and the state's economic connections to the Gambian market.
Key Facts
- Minnesota's exports to Gambia totaled $1.2 million in 2021.
- Exports to Gambia account for 0.1% of Minnesota's total exports.
- The value of Minnesota's exports to Gambia has increased by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of physical goods exported from the U.S. state of Minnesota to the country of Gambia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship between Minnesota and Gambia, which is important for analyzing patterns in Minnesota's export economy and the state's economic connections to the Gambian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze patterns in Minnesota's export activity and the state's economic connections to the Gambian market.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Census Bureau's trade reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Gambia from Minnesota (MNGMBA052SCEN), retrieved from FRED.