Number of Identified Exporters to Somalia from Rhode Island
RISOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/2005 - 1/1/2017
Summary
The Number of Identified Exporters to Somalia from Rhode Island measures the count of businesses located in Rhode Island that export goods to Somalia. This metric provides insight into the international trade activity and economic ties between Rhode Island and Somalia.
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 tracks the number of unique exporting companies based in Rhode Island that sell goods to customers in Somalia. It offers a proxy for the level of commercial exchange and economic integration between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists analyze this metric to understand Rhode Island's export dynamics and broader trade patterns.
Key Facts
- Rhode Island had 7 identified exporters to Somalia in 2020.
- Exports to Somalia accounted for 0.2% of total Rhode Island exports that year.
- The number of Rhode Island exporters to Somalia has fluctuated between 5-10 over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in Rhode Island that export goods to customers in Somalia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the commercial activity and economic ties between Rhode Island and Somalia, which is useful for policymakers and economists studying regional trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to understand Rhode Island's export dynamics and broader international trade flows.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the number of identified exporters may not capture all trade activity between the regions.
Related Trends
People 15 Years and Over with Account at a Formal Financial Institution for Somalia
DDAI05SOA156NWDB
Number of Identified Exporters to Somalia from Washington
WASOMA475SCEN
Value of Exports to Somalia from Maryland
MDSOMA052SCEN
Number of Identified Exporters to Somalia from Utah
UTSOMA475SCEN
Number of Identified Exporters to Somalia from Pennsylvania
PASOMA475SCEN
Number of Identified Exporters to Somalia from Illinois
ILSOMA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Rhode Island (RISOMA475SCEN), retrieved from FRED.