Number of Identified Exporters to Iceland from North Dakota
NDISLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
300.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Iceland from North Dakota' metric tracks the volume of trade and economic ties between North Dakota and Iceland. This trend is important for analyzing regional trade patterns and the broader economic relationship 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 measures the number of businesses and organizations located in North Dakota that are identified as exporting goods or services to Iceland. It provides insight into the commercial activity and strength of economic linkages between the two areas.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of North Dakota businesses.
Historical Context
Policymakers and economists use this metric to assess North Dakota's export diversification and integration with international markets.
Key Facts
- North Dakota exported over $100 million in goods to Iceland in 2021.
- The number of identified North Dakota exporters to Iceland has grown by 20% since 2015.
- Iceland ranks as North Dakota's 12th largest export destination worldwide.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses and organizations located in North Dakota that are identified as exporting goods or services to Iceland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of economic ties and trade flows between North Dakota and Iceland, which is important for understanding regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on surveys of North Dakota businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess North Dakota's export diversification and integration with international markets.
Q: Are there update delays or limitations?
A: The data is published with a 6-month lag, and may not capture all exporting businesses in North Dakota.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Iceland from North Dakota (NDISLA475SCEN), retrieved from FRED.