Value of Exports to Bermuda from Rhode Island
RIBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
534,446.00
Year-over-Year Change
-46.99%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Rhode Island' series tracks the monetary value of goods exported from Rhode Island to Bermuda. This metric is important for analyzing trade patterns and economic relationships between U.S. states and international destinations.
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 represents the dollar value of physical goods and commodities exported from Rhode Island to the island nation of Bermuda. Economists and policymakers monitor trends in state-level exports to gain insights into a state's trade dynamics and its connections to the global economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Tracking state-level export values can inform economic development strategies and trade policies.
Key Facts
- Rhode Island's exports to Bermuda totaled $10.4 million in 2021.
- Bermuda was the 37th largest export destination for goods from Rhode Island in 2021.
- Exports to Bermuda account for approximately 0.5% of Rhode Island's total international exports.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monetary value of physical goods and commodities exported from the U.S. state of Rhode Island to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export trends provides insights into a state's trade dynamics and its connections to the global economy, which can inform economic development strategies and trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this state-level export data to analyze trade patterns and inform decisions related to economic development and trade policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Rhode Island (RIBMUA052SCEN), retrieved from FRED.