Value of Exports to Bermuda from South Dakota
SDBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,248.00
Year-over-Year Change
-90.10%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from South Dakota' series measures the dollar value of goods and services exported from South Dakota to Bermuda. This data provides insights into South Dakota's international trade relationships and economic linkages.
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 economic trend represents the monetary value of all products and services shipped from South Dakota businesses to Bermuda. It is an important indicator of South Dakota's export activity and commercial ties with this North Atlantic island nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of South Dakota exporters.
Historical Context
This metric is used by economists and policymakers to analyze South Dakota's trade patterns and competitiveness in global markets.
Key Facts
- South Dakota's exports to Bermuda totaled $X in the most recent year.
- Bermuda ranks Xth among destinations for South Dakota's international exports.
- The value of South Dakota's exports to Bermuda has [increased/decreased] by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of goods and services exported from the state of South Dakota to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into South Dakota's international trade relationships and the strength of its commercial ties with Bermuda.
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 South Dakota.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this data to understand South Dakota's export performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: There may be a [X]-month delay in the most recent data being published. The figures do not include certain types of exports, such as services or intangible goods.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from South Dakota (SDBMUA052SCEN), retrieved from FRED.