Number of Identified Exporters to Jamaica from Minnesota
MNJAMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.00
Year-over-Year Change
41.38%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Jamaica from Minnesota' trend measures the count of Minnesota-based companies that have reported exporting goods to Jamaica. This provides insight into trade flows and economic relationships 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 Minnesota business entities that have reported exporting products or services to Jamaica in a given year. It offers a proxy for the scale and diversity of trade activity between the two economies.
Methodology
The data is collected through business surveys and customs declarations.
Historical Context
Policymakers and market analysts use this trend to monitor trade patterns and competitiveness.
Key Facts
- Minnesota exported $250 million in goods to Jamaica in 2021.
- The number of identified Minnesota exporters to Jamaica has grown by 12% over the past 5 years.
- Machinery, agricultural products, and medical equipment are top Minnesota exports to Jamaica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique Minnesota-based companies that have reported exporting goods or services to Jamaica in a given year.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and diversity of trade activity between Minnesota and Jamaica, which is useful for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Governments and analysts use this trend to monitor trade patterns, identify areas of economic opportunity, and evaluate the impacts of trade policies.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to survey response times, and the data may not capture all informal or unreported trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Jamaica from Minnesota (MNJAMA475SCEN), retrieved from FRED.