Value of Exports to Barbados from Puerto Rico
PRBRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,144,213.00
Year-over-Year Change
365.15%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of goods and services exported from Puerto Rico to Barbados. Understanding trade flows between Puerto Rico and its Caribbean neighbors is important for policymakers analyzing regional economic integration 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
The Value of Exports to Barbados from Puerto Rico is a key indicator of the commercial relationship between these two island economies. Economists use this data to assess trade patterns, competitiveness, and the potential for growth in exports from Puerto Rico to Barbados.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts monitor this metric to gauge the impact of economic policies, trade agreements, and other factors on Puerto Rico's exports to the Caribbean region.
Key Facts
- Puerto Rico is a U.S. territory located in the Caribbean.
- Barbados is an independent island country in the West Indies.
- Exports to Barbados account for a small but important share of total Puerto Rican exports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the value of goods and services exported from Puerto Rico to the Caribbean island nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: Monitoring trade flows between Puerto Rico and its Caribbean neighbors helps policymakers and economists assess regional economic integration and growth opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts monitor this metric to gauge the impact of economic policies, trade agreements, and other factors on Puerto Rico's exports to the Caribbean region.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only captures formal trade channels rather than informal or unrecorded transactions.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Puerto Rico (PRBRBA052SCEN), retrieved from FRED.