Value of Exports to United Kingdom from Rhode Island
RIGBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87,308,137.00
Year-over-Year Change
43.62%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Kingdom from Rhode Island' series measures the dollar value of goods and services exported from the state of Rhode Island to the United Kingdom. This metric is important for economists and policymakers to understand Rhode Island's trade relationship with one of its key international partners.
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 data series tracks the total value of exports originating from Rhode Island that are destined for the United Kingdom. It provides insight into the scale and trends of Rhode Island's export economy, which can inform state and national trade policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and market analysts use this export data to assess Rhode Island's trade competitiveness and the state's integration with the global economy.
Key Facts
- Rhode Island exported $401 million worth of goods and services to the UK in 2021.
- Exports to the UK account for 3.5% of Rhode Island's total international exports.
- The value of Rhode Island's UK exports has grown by 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Rhode Island to the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Rhode Island's trade relationship with one of its key international partners, which is important for understanding the state's economic competitiveness and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this export data to assess Rhode Island's trade competitiveness and the state's integration with the global economy, which can inform state and national trade policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to United Kingdom from Rhode Island (RIGBRA052SCEN), retrieved from FRED.