Number of Identified Exporters to Luxembourg from North Carolina
NCLUXA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
94.12%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Luxembourg from North Carolina measures the number of companies located in North Carolina that export goods to Luxembourg, providing insights into trade patterns 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 economic trend tracks the total number of unique North Carolina-based businesses that report exporting products or services to the small European country of Luxembourg. It offers a window into the commercial relationships and trade flows between these two markets.
Methodology
The data is collected by the U.S. Census Bureau through mandatory surveys of U.S. exporters.
Historical Context
This metric is used by economists and policymakers to monitor the health of North Carolina's export sector and its international competitiveness.
Key Facts
- North Carolina is a major exporting state, with $35 billion in exports in 2021.
- Luxembourg is a small but affluent European market, with a GDP per capita over $120,000.
- The number of North Carolina exporters to Luxembourg has fluctuated between 60-90 companies in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of companies located in North Carolina that report exporting goods or services to Luxembourg, providing insight into trade flows between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to monitor the health of North Carolina's export sector and its international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys of U.S. exporters.
Q: How is this trend used in economic policy?
A: This trend provides insights that can inform decisions around trade agreements, export promotion programs, and other economic policies affecting North Carolina businesses.
Q: Are there update delays or limitations?
A: The data may have a several month delay in reporting, and only covers companies that are legally required to report their export activities.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Luxembourg from North Carolina (NCLUXA475SCEN), retrieved from FRED.