Number of Identified Exporters to Luxembourg from South Dakota
SDLUXA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2006 - 1/1/2016
Summary
The 'Number of Identified Exporters to Luxembourg from South Dakota' trend measures the volume of trade and economic activity between South Dakota and Luxembourg. It provides insights into the international business connections and export dynamics of South Dakota firms.
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 indicator tracks the number of South Dakota-based companies that have been identified as exporting goods or services to Luxembourg. It offers valuable data on the strength and diversity of South Dakota's export sector and its engagement with global markets.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess South Dakota's trade competitiveness and integration with the European economy.
Key Facts
- South Dakota exports to Luxembourg totaled $XX million in 20XX.
- The number of identified South Dakota exporters to Luxembourg has increased by XX% over the past decade.
- Luxembourg is South Dakota's Xth largest export destination in the European Union.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of companies based in South Dakota that have been identified as exporting goods or services to Luxembourg, providing insights into the state's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: This data is valuable for understanding the export competitiveness and global engagement of South Dakota's business community, which is crucial information for policymakers, trade organizations, and economic development analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess South Dakota's trade competitiveness and integration with the European economy, informing decisions on export promotion, trade agreements, and support for local businesses.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of the reporting period and the public release of the data, and the data may not capture all exporters due to survey coverage limitations.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Luxembourg from South Dakota (SDLUXA475SCEN), retrieved from FRED.