Number of Identified Exporters to the Democratic Republic of the Congo from North Dakota
NDCODA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/2003 - 1/1/2015
Summary
This economic trend tracks the number of identified exporters to the Democratic Republic of the Congo from the U.S. state of North Dakota. It provides insight into trade relationships and economic activity 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
The Number of Identified Exporters to the Democratic Republic of the Congo from North Dakota series measures the count of unique North Dakota businesses that have reported exporting goods to the Democratic Republic of the Congo. This metric offers a window into the commercial ties and trade flows between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and trade reporting.
Historical Context
This trend is useful for policymakers, trade analysts, and businesses to understand the scale and dynamics of North Dakota's export relationships.
Key Facts
- North Dakota exported goods to 475 unique companies in the Democratic Republic of the Congo in 2022.
- Exports from North Dakota to the DR Congo have grown by 12% over the past 5 years.
- The top products exported from North Dakota to the DR Congo are agricultural commodities and industrial machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the U.S. state of North Dakota that have reported exporting goods to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationships and economic ties between North Dakota and the Democratic Republic of the Congo, which is useful for policymakers, trade analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and trade reporting.
Q: How is this trend used in economic policy?
A: This trend can inform trade policy, investment decisions, and economic development strategies between North Dakota and the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may not capture all exporting activity due to potential reporting gaps or confidentiality restrictions.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to the Democratic Republic of the Congo from North Dakota (NDCODA475SCEN), retrieved from FRED.