Number of Identified Exporters to Dominican Republic from Rhode Island
RIDOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.00
Year-over-Year Change
94.29%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of exporters from Rhode Island to the Dominican Republic. It provides insights into trade flows and economic integration 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
The Number of Identified Exporters to Dominican Republic from Rhode Island is an economic indicator that tracks the count of unique businesses located in Rhode Island that export goods to the Dominican Republic. This data helps policymakers and analysts understand patterns of trade and commercial activity between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through survey and administrative sources.
Historical Context
This trend is used to monitor bilateral trade dynamics and inform economic policies.
Key Facts
- Rhode Island exported $305 million in goods to the Dominican Republic in 2021.
- The number of Rhode Island exporters to the Dominican Republic has grown by 12% over the past 5 years.
- Top Rhode Island exports to the Dominican Republic include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in Rhode Island that export goods to the Dominican Republic. It provides insights into trade flows and economic integration between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and businesses to understand patterns of bilateral trade and commercial activity between Rhode Island and the Dominican Republic.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through survey and administrative sources.
Q: How is this trend used in economic policy?
A: This trend is used to monitor trade dynamics and inform economic policies related to international trade and regional economic development.
Q: Are there update delays or limitations?
A: There may be a several month delay in the release of this data due to the time required for collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominican Republic from Rhode Island (RIDOMA475SCEN), retrieved from FRED.