Number of Identified Exporters to Norway from South Dakota
SDNORA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
57.14%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Norway from South Dakota' measures the count of unique companies located in South Dakota that export goods to Norway. This metric provides insight into the trade relationship between South Dakota and Norway.
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 distinct South Dakota-based businesses that ship products to Norway. It offers a window into the export activity and trade flows between the two regions, which is valuable information for policymakers, economists, and industry analysts.
Methodology
The data is collected by the U.S. Census Bureau through surveys of companies and customs records.
Historical Context
This trend is used to assess the strength of South Dakota's export economy and its integration with the Norwegian market.
Key Facts
- South Dakota exported $XXX million in goods to Norway in 20XX.
- The number of identified exporters from South Dakota to Norway has increased by X% over the past Y years.
- Norway is the Xth largest export destination for products from South Dakota.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of unique companies located in South Dakota that export goods to Norway. It provides insight into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: The number of identified exporters is an important metric for understanding the strength and breadth of South Dakota's export economy, as well as its integration with the Norwegian market. This information is valuable for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of companies and customs records.
Q: How is this trend used in economic policy?
A: This indicator is used to assess trade relationships and the competitiveness of South Dakota's export sector. Policymakers may use this data to inform decisions around trade agreements, export promotion programs, and other economic development initiatives.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and processing by the Census Bureau. Additionally, the data may not capture all exporting activity, as it relies on company reporting and customs records.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Norway from South Dakota (SDNORA475SCEN), retrieved from FRED.