Value of Exports to Sweden from Rhode Island
RISWEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,530,337.00
Year-over-Year Change
-35.59%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Rhode Island to Sweden. It provides insights into the trade relationship between Rhode Island and one of its key European trading 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
The Value of Exports to Sweden from Rhode Island series tracks the dollar value of goods and services exported from Rhode Island to Sweden. This metric is used by economists and policymakers to analyze the state's international trade dynamics and the impact of economic policies on export performance.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This trend informs analyses of Rhode Island's export-driven economic growth and the state's trade balance with Sweden.
Key Facts
- Rhode Island exported $218 million worth of goods to Sweden in 2021.
- Sweden is Rhode Island's 7th largest export destination globally.
- Exports to Sweden account for 3.2% of Rhode Island's total international trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Rhode Island to Sweden.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Rhode Island's trade relationship with a key European partner, informing analyses of the state's export performance and international economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the impact of economic policies on Rhode Island's export-driven growth and trade balance with Sweden.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions based on updated information from respondents.
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Citation
U.S. Federal Reserve, Value of Exports to Sweden from Rhode Island (RISWEA052SCEN), retrieved from FRED.