Value of Exports to Greenland from New Jersey
NJGRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,398.00
Year-over-Year Change
-69.20%
Date Range
1/1/2002 - 1/1/2017
Summary
This economic indicator tracks the value of exports from the U.S. state of New Jersey to the autonomous territory of Greenland. Understanding trade flows between regions is crucial for policymakers analyzing economic relationships and interdependencies.
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 Value of Exports to Greenland from New Jersey series measures the dollar value of goods and services exported from the state of New Jersey to the North Atlantic territory of Greenland. This data provides insights into the commercial ties and trade patterns between the two regions.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Analyzing trends in state-level exports can inform trade policy decisions and investment strategies.
Key Facts
- New Jersey is the only U.S. state that exports directly to Greenland.
- Exports to Greenland account for less than 0.1% of New Jersey's total exports.
- Trade between New Jersey and Greenland has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of goods and services exported from the U.S. state of New Jersey to the autonomous territory of Greenland.
Q: Why is this trend relevant for users or analysts?
A: Understanding regional trade flows is crucial for policymakers and economists analyzing economic relationships and interdependencies between states and territories.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analyzing trends in state-level exports can inform trade policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Census Bureau, but may have a several-month delay in reporting.
Related Trends
Number of Identified Exporters to Greenland from Tennessee
TNGRLA475SCEN
Value of Exports to Greenland from Illinois
ILGRLA052SCEN
Number of Identified Exporters to Greenland from Iowa
IAGRLA475SCEN
Number of Identified Exporters to Greenland from Maryland
MDGRLA475SCEN
Number of Identified Exporters to Greenland from Arizona
AZGRLA475SCEN
Number of Identified Exporters to Greenland from Illinois
ILGRLA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Greenland from New Jersey (NJGRLA052SCEN), retrieved from FRED.