Value of Exports to Lao People's Democratic Republic from North Carolina
NCLAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,616.00
Year-over-Year Change
-64.41%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the value of exports from the state of North Carolina to the Lao People's Democratic Republic. It provides insights into North Carolina's trade relationship with Laos, which is an important indicator of economic activity and international commerce.
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
The Value of Exports to Lao People's Democratic Republic from North Carolina series tracks the dollar value of goods and services exported from North Carolina to Laos. This data is used by economists, policymakers, and businesses to analyze North Carolina's export performance and trade dynamics with Southeast Asian markets.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export data is relevant for understanding North Carolina's engagement in global trade and the state's economic ties with developing Asian markets.
Key Facts
- North Carolina's exports to Laos have grown by over 50% in the past decade.
- Machinery and transportation equipment are the top export categories from North Carolina to Laos.
- Laos is a landlocked country in Southeast Asia with a population of over 7 million people.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of North Carolina to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into North Carolina's trade relationship with the Lao market, which is an important indicator of the state's international commerce and economic engagement in Southeast Asia.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This export data is used by economists, policymakers, and businesses to analyze North Carolina's export performance and trade dynamics with developing Asian markets, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to update lags of several months, and may not capture all informal or unreported trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from North Carolina (NCLAOA052SCEN), retrieved from FRED.