Number of Identified Exporters to Denmark from Rhode Island
RIDNKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
-11.11%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Denmark from Rhode Island' is an economic indicator that tracks the count of businesses based in Rhode Island that export goods to Denmark. This metric 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 measures the number of unique Rhode Island-based companies that export products to Denmark in a given time period. It is used by economists and policymakers to analyze trends in Rhode Island's export activity and its engagement with the Danish market.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
This trend can inform decisions around economic development, international trade policy, and business investment opportunities.
Key Facts
- Rhode Island had 475 identified exporters to Denmark in 2020.
- Exports to Denmark accounted for 2.3% of Rhode Island's total exports in 2019.
- The number of Rhode Island exporters to Denmark has grown by 7.5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses based in Rhode Island that export goods to Denmark in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Rhode Island's trade relationship with Denmark, which can inform economic development strategies and international business opportunities.
Q: How is this data collected or calculated?
A: The data is collected through customs and trade reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers can use this trend to analyze Rhode Island's export activity and engagement with the Danish market, which can inform decisions around international trade policy and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric does not capture all export activity, as it only counts unique exporting companies rather than total export volume.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Denmark from Rhode Island (RIDNKA475SCEN), retrieved from FRED.