Number of Identified Exporters to Papua New Guinea from New Mexico
NMPNGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Papua New Guinea from New Mexico' series tracks the count of businesses based in New Mexico that export goods and services to Papua New Guinea. This metric provides insight into trade flows and economic ties 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, published by the U.S. Census Bureau, measures the number of distinct companies headquartered in New Mexico that report exporting products or services to Papua New Guinea. It serves as an indicator of the commercial relationship and economic integration between the state and this Pacific Island nation.
Methodology
The data is collected through mandatory business surveys and customs reporting.
Historical Context
Policymakers and trade analysts use this series to monitor the strength of economic links between New Mexico and Papua New Guinea.
Key Facts
- New Mexico exported $X.XX million in goods and services to Papua New Guinea in the latest year.
- The number of identified exporters from New Mexico to Papua New Guinea has trended [up/down] over the past [X] years.
- Papua New Guinea is New Mexico's [Xth] largest export market among Pacific Island nations.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of businesses headquartered in New Mexico that report exporting goods or services to Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of economic ties and trade flows between New Mexico and Papua New Guinea, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and customs reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this series to monitor the commercial relationship between New Mexico and Papua New Guinea, which can inform decisions around trade agreements, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a [X]-month lag in data availability due to survey collection and processing times. The series may not capture all exporting activity, as it only reflects identified businesses.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Papua New Guinea from New Mexico (NMPNGA475SCEN), retrieved from FRED.