Number of Identified Exporters to Sweden from Rhode Island
RISWEA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.00
Year-over-Year Change
-28.07%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters from the U.S. state of Rhode Island to Sweden. It provides insights into the trade dynamics 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 Sweden from Rhode Island metric tracks the total count of unique businesses located in Rhode Island that export goods to Sweden. It offers a proxy for the scale and diversity of economic connections between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This metric is used by economists and policymakers to analyze trends in bilateral trade and regional economic integration.
Key Facts
- Rhode Island exported over $100 million in goods to Sweden in 2021.
- The number of identified Rhode Island exporters to Sweden grew by 8% from 2020 to 2021.
- Manufacturing and machinery sectors account for the largest share of Rhode Island's exports to Sweden.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unique businesses located in the U.S. state of Rhode Island that export goods to Sweden.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and diversity of economic connections between Rhode Island and Sweden, which is valuable for analyzing bilateral trade patterns and regional economic integration.
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: Economists and policymakers use this metric to monitor trends in bilateral trade and assess the effectiveness of policies aimed at promoting regional economic integration.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of the reporting period and the public release of the data.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Sweden from Rhode Island (RISWEA475SCEN), retrieved from FRED.