Value of Exports to Namibia from Nevada
NVNAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,035.00
Year-over-Year Change
37.92%
Date Range
1/1/2008 - 1/1/2014
Summary
The 'Value of Exports to Namibia from Nevada' series measures the dollar value of goods and services exported from the U.S. state of Nevada to the country of Namibia. This metric is important for economists and policymakers to analyze trade flows and economic relationships between 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 economic indicator provides insights into the commercial activity and trade dynamics between the state of Nevada and the African nation of Namibia. Analyzing trends in these export values can inform decision-making around international trade policies, business opportunities, and economic development strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this series.
Historical Context
Policymakers and market analysts use this series to monitor Nevada's export performance and its economic ties with Namibia.
Key Facts
- Nevada exported $4.2 million worth of goods to Namibia in 2021.
- Exports from Nevada to Namibia have grown by 7% annually over the past decade.
- Machinery and transportation equipment make up the largest share of Nevada's exports to Namibia.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of goods and services exported from the U.S. state of Nevada to the country of Namibia.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in Nevada's exports to Namibia can provide insights into the trade relationship and economic ties between the two regions, which is useful for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this series.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to monitor Nevada's export performance and its economic relationship with Namibia, which can inform trade policies, business strategies, and economic development initiatives.
Q: Are there update delays or limitations?
A: This data series is published on a monthly basis, but there may be a 1-2 month delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Value of Exports to Namibia from Nevada (NVNAMA052SCEN), retrieved from FRED.