Value of Exports to Czech Republic from South Dakota
SDCZEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
330,421.00
Year-over-Year Change
15.50%
Date Range
1/1/1997 - 1/1/2017
Summary
The Value of Exports to Czech Republic from South Dakota measures the total value of goods and services exported from South Dakota to the Czech Republic. This economic indicator is important for understanding South Dakota's trade relationships and competitiveness in global 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 series tracks the monetary value of all products and services exported from the state of South Dakota to the Czech Republic. It provides insight into the strength of South Dakota's export economy and the degree to which it is connected to the Czech market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
Policymakers and businesses use this metric to evaluate South Dakota's trade position and guide decisions around export promotion and market development.
Key Facts
- South Dakota exported $X.XX million worth of goods to the Czech Republic in the latest year.
- Exports to the Czech Republic account for Y% of South Dakota's total international exports.
- Top exported products from South Dakota to the Czech Republic include [Product 1], [Product 2], and [Product 3].
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of all goods and services exported from the state of South Dakota to the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into South Dakota's trade relationships and export performance, which is important for evaluating the state's economic competitiveness and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this indicator to assess South Dakota's trade position and inform decisions around export promotion and market development strategies.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the latest data due to the time required for collection and reporting by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to Czech Republic from South Dakota (SDCZEA052SCEN), retrieved from FRED.