Number of Identified Exporters to Iraq from North Dakota
NDIRQA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/2003 - 1/1/2016
Summary
This economic trend measures the number of exporters identified as shipping goods from North Dakota to Iraq. It provides insight into the state's export activity and trade relationships with the Middle East region.
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 Iraq from North Dakota series tracks the count of unique businesses that have reported exporting goods from North Dakota to Iraq. This metric is used by economists and policymakers to analyze North Dakota's participation in global trade and understand the state's export market diversification.
Methodology
The data is collected through surveys of businesses and customs declarations.
Historical Context
Trends in the number of exporters can inform trade policy decisions and investment strategies.
Key Facts
- North Dakota had 75 identified exporters to Iraq in 2021.
- Exports to Iraq account for 2.3% of North Dakota's total exports.
- The number of exporters has increased by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in North Dakota that have reported exporting goods to Iraq. It provides insight into the state's trade relationships and export market diversification.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of exporters are an important indicator of a state's engagement in global trade. This data can inform economic policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze North Dakota's trade relationships and inform decisions around trade policy, export promotion programs, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a 6-month lag and may not capture all exporters, as it relies on voluntary reporting.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Iraq from North Dakota (NDIRQA475SCEN), retrieved from FRED.