Value of Exports to Saint Vincent and the Grenadines from New Jersey
NJVCTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,268,810.00
Year-over-Year Change
244.74%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Value of Exports to Saint Vincent and the Grenadines from New Jersey' measures the total value of goods and services exported from the state of New Jersey to the Caribbean nation of Saint Vincent and the Grenadines. This metric is an important indicator of economic trade 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
This data series represents the total monetary value of all merchandise and services exported from New Jersey to Saint Vincent and the Grenadines over a given time period. It is useful for analyzing trade flows, assessing the strength of commercial relationships, and understanding the economic interdependence between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and government agencies.
Historical Context
Policymakers and economists analyze this trend to gauge the health of New Jersey's export economy and its connections to international markets.
Key Facts
- New Jersey exported $12.3 million worth of goods to Saint Vincent and the Grenadines in 2021.
- The top export categories from New Jersey to Saint Vincent and the Grenadines are machinery, vehicles, and agricultural products.
- Saint Vincent and the Grenadines ranks 148th among U.S. export destinations for goods from New Jersey.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total monetary value of all merchandise and services exported from the state of New Jersey to the Caribbean nation of Saint Vincent and the Grenadines.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding trade flows, assessing the strength of commercial relationships, and analyzing the economic interdependence between New Jersey and Saint Vincent and the Grenadines.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to gauge the health of New Jersey's export economy and its connections to international markets.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Saint Vincent and the Grenadines from New Jersey (NJVCTA052SCEN), retrieved from FRED.