Value of Exports to Iraq from Nevada

NVIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

870,484.00

Year-over-Year Change

129.43%

Date Range

1/1/2004 - 1/1/2017

Summary

The 'Value of Exports to Iraq from Nevada' series measures the total value of goods and services exported from the state of Nevada to Iraq. This data is important for understanding Nevada's economic trade relationships and can inform policymakers on the state's exports and international commerce.

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 economic indicator tracks the monetary value of all products and services that are exported from businesses located in Nevada to consumers or businesses in Iraq. It provides insights into the trade dynamics between the state and this specific international market.

Methodology

The data is collected by the U.S. Census Bureau through surveys of Nevada exporters.

Historical Context

This metric can be used by economists, trade analysts, and policymakers to evaluate Nevada's trade profile and commercial ties with Iraq.

Key Facts

  • Nevada's exports to Iraq totaled $X in the latest period.
  • Iraq ranks Xth among Nevada's top export destinations.
  • The value of Nevada's exports to Iraq has [increased/decreased] by X% over the past year.

FAQs

Q: What does this economic trend measure?

A: This indicator tracks the total monetary value of all goods and services exported from businesses located in Nevada to consumers or businesses in Iraq.

Q: Why is this trend relevant for users or analysts?

A: This data provides insights into Nevada's trade relationship and commercial ties with the Iraqi market, which can inform economic policymaking and business strategy.

Q: How is this data collected or calculated?

A: The U.S. Census Bureau collects this data through surveys of Nevada-based exporters.

Q: How is this trend used in economic policy?

A: Policymakers and trade analysts can use this metric to evaluate Nevada's export profile and performance in the Iraqi market, which can inform decisions around economic development, trade agreements, and international commerce strategies.

Q: Are there update delays or limitations?

A: There may be delays of several months in reporting the latest data, and the survey-based methodology may not capture all export activity.

Related Trends

Citation

U.S. Federal Reserve, Value of Exports to Iraq from Nevada (NVIRQA052SCEN), retrieved from FRED.