Number of Identified Exporters to Switzerland from North Dakota
NDCHEA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
60.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Switzerland from North Dakota' trend measures the count of businesses in North Dakota that export goods or services to Switzerland. This indicator provides insight into trade dynamics and the economic integration 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 exporters located in North Dakota that ship products or offer services to customers in Switzerland. It offers a gauge of North Dakota's export market participation and trade relationship with the Swiss economy.
Methodology
The data is collected through surveys of businesses in North Dakota and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to monitor North Dakota's export competitiveness and the health of its commercial ties with Switzerland.
Key Facts
- North Dakota exported over $200 million in goods to Switzerland in 2021.
- The number of North Dakota exporters to Switzerland has grown by 15% since 2015.
- Switzerland is North Dakota's 4th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses located in North Dakota that export goods or services to customers in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into North Dakota's export market participation and the strength of its trade relationship with Switzerland, an important economic partner.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in North Dakota and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this indicator to monitor North Dakota's export competitiveness and the health of its commercial ties with Switzerland.
Q: Are there update delays or limitations?
A: There may be lags of several months before the latest data becomes available due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Switzerland from North Dakota (NDCHEA475SCEN), retrieved from FRED.