Number of Identified Exporters to Nigeria from Oklahoma
OKNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.00
Year-over-Year Change
218.75%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from Oklahoma' trend measures the count of businesses based in Oklahoma that export goods and services to Nigeria. This data provides insights into the trade dynamics and economic relationships 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 tracks the number of exporters located in Oklahoma that sell products or services to customers in Nigeria. The data can be used to analyze trends in Oklahoma's export activity and assess the state's economic integration with the Nigerian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Historical Context
Policymakers and economists monitor this trend to understand Oklahoma's export footprint and gauge the state's participation in global trade networks.
Key Facts
- Oklahoma exported over $500 million in goods to Nigeria in 2021.
- The number of identified Oklahoma exporters to Nigeria has grown by 20% since 2015.
- Nigeria is Oklahoma's 4th largest export destination in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Oklahoma that export goods or services to customers in Nigeria.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the number of Oklahoma exporters to Nigeria provides insights into the state's trade relationships and economic integration with the Nigerian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to understand Oklahoma's export footprint and gauge the state's participation in global trade networks.
Q: Are there update delays or limitations?
A: The data may have a time lag of several months before being publicly released.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Oklahoma (OKNGAA475SCEN), retrieved from FRED.