Value of Exports to Luxembourg from Nebraska
NELUXA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153,763.00
Year-over-Year Change
270.99%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Luxembourg from Nebraska' series measures the dollar value of goods and services exported from the U.S. state of Nebraska to the country of Luxembourg. This data point is important for understanding regional trade dynamics and Nebraska's economic connections to global markets.
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 total value of Nebraska's exports to Luxembourg, which is an important economic partner for the state. Analyzing trends in this data can provide insights into the health of Nebraska's export-driven industries and the state's role in international trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and economists use this data to assess the competitiveness of Nebraska's exports and the state's integration with the global economy.
Key Facts
- Nebraska exported $72.3 million worth of goods and services to Luxembourg in 2021.
- Machinery and agricultural products are Nebraska's top exports to Luxembourg.
- Luxembourg is Nebraska's 47th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of Nebraska to the country of Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: Tracking Nebraska's exports to Luxembourg provides insights into the state's trade relationships and the performance of its export-oriented industries.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess Nebraska's export competitiveness and the state's integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, and may not capture all trade activities due to limitations in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Luxembourg from Nebraska (NELUXA052SCEN), retrieved from FRED.