Value of Exports to Madagascar from Ohio
OHMDGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
988,799.00
Year-over-Year Change
6029.43%
Date Range
1/1/1997 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Ohio to the island nation of Madagascar. It provides insights into trade activity 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
The Value of Exports to Madagascar from Ohio series tracks the dollar value of goods and services exported from Ohio to Madagascar over time. This metric is used by economists and policymakers to analyze regional trade patterns and the strength of economic relationships between U.S. states and foreign countries.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Historical Context
Trends in this series can inform decisions around trade policy, infrastructure investment, and economic development initiatives.
Key Facts
- Ohio is a top U.S. exporting state, with over $50 billion in annual exports.
- Madagascar is a fast-growing economy in Africa with a population of over 27 million.
- Trade between Ohio and Madagascar has increased by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Ohio to the country of Madagascar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and economic ties between Ohio and Madagascar, which is useful for assessing regional economic performance and informing trade and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Trends in this series can inform decisions around trade policy, infrastructure investment, and economic development initiatives aimed at strengthening commercial relationships between U.S. states and foreign markets.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent trade activity. Additionally, the series only covers exports from Ohio and does not include imports or trade data for other U.S. states.
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Citation
U.S. Federal Reserve, Value of Exports to Madagascar from Ohio (OHMDGA052SCEN), retrieved from FRED.