Value of Exports to Nicaragua from South Dakota
SDNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
388,373.00
Year-over-Year Change
15.82%
Date Range
1/1/2010 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from South Dakota' series measures the total value of goods exported from South Dakota to Nicaragua over time. This metric is important for economists and policymakers to understand trade patterns and regional economic activity.
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 represents the dollar value of all merchandise and commodities exported from the state of South Dakota to the country of Nicaragua. It is a key indicator of the trade relationship and economic linkages between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Trends in this series are used by analysts to assess the impact of trade policies, exchange rates, and other factors on regional exports.
Key Facts
- South Dakota is a major agricultural exporter.
- Nicaragua is an important trading partner for many U.S. states.
- Export values can fluctuate due to exchange rates and trade agreements.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and merchandise exported from the state of South Dakota to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: Trends in this series provide insights into the trade relationship and economic linkages between South Dakota and Nicaragua, which is useful for assessing the impact of trade policies and other factors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to evaluate the effects of trade agreements, exchange rates, and other economic factors on regional export activity.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and some limitations in coverage or accuracy due to the nature of survey-based data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from South Dakota (SDNICA052SCEN), retrieved from FRED.