Value of Exports to Barbados from South Dakota
SDBRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,383.00
Year-over-Year Change
630.52%
Date Range
1/1/2002 - 1/1/2015
Summary
The 'Value of Exports to Barbados from South Dakota' series measures the total value of goods and services exported from South Dakota to Barbados. This metric is important for economists and policymakers to understand regional trade dynamics and the economic impact of international markets.
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 data series tracks the dollar value of all merchandise and services shipped from businesses located in South Dakota to Barbados. It provides insight into the state's export activity and commercial relationships with this Caribbean nation.
Methodology
The data is collected through surveys of South Dakota businesses and compiled by the U.S. Census Bureau.
Historical Context
Monitoring state-level export trends can inform trade policy and help businesses capitalize on international market opportunities.
Key Facts
- South Dakota exported $15.8 million in goods and services to Barbados in 2021.
- Barbados ranks 72nd among destinations for South Dakota exports.
- Machinery and agricultural products are top export categories from South Dakota to Barbados.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of all goods and services exported from businesses located in South Dakota to the Caribbean nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export activity can provide insights into regional trade dynamics and help businesses and policymakers understand the economic impact of international markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of South Dakota businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Tracking state-level export trends can inform trade policy decisions and help businesses identify international market opportunities.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all export activity due to survey response rates.
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WYBRBA475SCEN
Value of Exports to Barbados from Georgia
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Financial System Deposits to GDP for Barbados
DDDI08BBA156NWDB
Value of Exports to Barbados from Maine
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from South Dakota (SDBRBA052SCEN), retrieved from FRED.