Value of Exports to Greenland from North Carolina

NCGRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

30,316.00

Year-over-Year Change

0.00%

Date Range

1/1/2009 - 1/1/2009

Summary

The 'Value of Exports to Greenland from North Carolina' series measures the dollar value of goods and services exported from North Carolina to Greenland. This metric is useful for analyzing North Carolina's economic ties and trade relationship with Greenland.

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 data series represents the total value of exports from North Carolina to Greenland, providing insight into the commercial exchange between the two regions. Economists and policymakers may use this information to assess North Carolina's export market diversification and dependence on specific trade partners.

Methodology

The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.

Historical Context

Trends in this series can signal changes in North Carolina's exporting activity and the state's economic integration with the Greenland market.

Key Facts

  • North Carolina is one of the top exporting states in the U.S.
  • Greenland is a self-governing territory of Denmark, with a small but growing economy.
  • The value of exports from North Carolina to Greenland has fluctuated over the past decade.

FAQs

Q: What does this economic trend measure?

A: This series measures the total dollar value of goods and services exported from the state of North Carolina to Greenland.

Q: Why is this trend relevant for users or analysts?

A: This data provides insight into North Carolina's trade relationship and economic integration with the Greenland market, which can be useful for evaluating the state's export diversification and dependence on specific trade partners.

Q: How is this data collected or calculated?

A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.

Q: How is this trend used in economic policy?

A: Economists and policymakers may use this information to assess North Carolina's export market diversification and the state's economic ties with Greenland, which can inform trade policies and economic development strategies.

Q: Are there update delays or limitations?

A: The data is subject to the typical update schedule and potential revisions common to U.S. government economic statistics.

Related Trends

Citation

U.S. Federal Reserve, Value of Exports to Greenland from North Carolina (NCGRLA052SCEN), retrieved from FRED.