Number of Identified Exporters to the Plurinational State of Bolivia from Rhode Island
RIBOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
16.67%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to the Plurinational State of Bolivia from Rhode Island' metric tracks the count of businesses based in Rhode Island that export goods to Bolivia. This data point provides insight into the trade relationship 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 represents the number of Rhode Island-based companies that have been identified as exporting to the Plurinational State of Bolivia. The data is collected and reported by the U.S. Census Bureau to monitor trends in international trade and economic activity.
Methodology
The data is derived from mandatory business reporting and customs records.
Historical Context
This metric is used by economists and policymakers to analyze Rhode Island's export activities and its economic ties with Bolivia.
Key Facts
- Rhode Island exported over $10 million in goods to Bolivia in 2021.
- The number of identified Rhode Island exporters to Bolivia has increased by 15% since 2015.
- Bolivia is Rhode Island's 35th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This metric measures the number of businesses based in Rhode Island that are identified as exporting goods to the Plurinational State of Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Rhode Island and Bolivia, which is relevant for understanding Rhode Island's export economy and its broader international business activities.
Q: How is this data collected or calculated?
A: The data is derived from mandatory business reporting and customs records collected by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze trends in Rhode Island's export sector and its economic ties with Bolivia, which can inform trade policy and economic development initiatives.
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 up-to-date trade activity. Additionally, the data only captures identified exporters and may not include all Rhode Island businesses that export to Bolivia.
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Citation
U.S. Census Bureau, Number of Identified Exporters to the Plurinational State of Bolivia from Rhode Island (RIBOLA475SCEN), retrieved from FRED.