Value of Exports to Slovakia from Rhode Island
RISVKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,831,347.00
Year-over-Year Change
434.07%
Date Range
1/1/2003 - 1/1/2017
Summary
This economic indicator tracks the value of exports from the U.S. state of Rhode Island to Slovakia. It provides insights into trade activity and economic ties 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 Value of Exports to Slovakia from Rhode Island series measures the monetary value of goods and services exported from Rhode Island to the European country of Slovakia. This metric is used by economists and policymakers to analyze trade flows and commercial relationships between the two areas.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
This export value trend is relevant for understanding bilateral trade dynamics and can inform economic and trade policy decisions.
Key Facts
- Rhode Island exported $X.XX million in goods and services to Slovakia in the latest period.
- Exports to Slovakia account for X.X% of total exports from Rhode Island.
- Trade with Slovakia supports YYY jobs in Rhode Island's economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monetary value of goods and services exported from the U.S. state of Rhode Island to the country of Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insights into the trade relationship and economic ties between Rhode Island and Slovakia, which is useful for policy analysis and business planning.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses located in Rhode Island.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to understand bilateral trade flows and dynamics, which can inform economic, trade, and investment decisions.
Q: Are there update delays or limitations?
A: There is typically a X-month delay in reporting this export data from Rhode Island to Slovakia. The data may not capture all trade activity due to survey limitations.
Related Trends
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Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Slovak Republic
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Citation
U.S. Federal Reserve, Value of Exports to Slovakia from Rhode Island (RISVKA052SCEN), retrieved from FRED.