Value of Exports to Gambia from Texas
TXGMBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,514,767.00
Year-over-Year Change
-29.91%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Gambia from Texas' series measures the total value of goods and services exported from the U.S. state of Texas to the country of Gambia. This metric is important for economists and policymakers to analyze trade relationships and economic interdependence.
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 value of all products and services shipped from Texas to Gambia, regardless of industry. It provides insight into the scale and trends of bilateral trade between the two economies, which can inform trade policy and business strategy.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Analysts and government agencies use this series to monitor the commercial relationship between Texas and Gambia within the broader context of U.S. foreign trade.
Key Facts
- Texas is a major exporting state, responsible for over $300 billion in annual exports.
- Gambia is a small West African country with a population of over 2 million people.
- The value of Texas exports to Gambia has fluctuated between $10-20 million per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total monetary value of all goods and services exported from the U.S. state of Texas to the country of Gambia.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the value of Texas exports to Gambia provides insights into the commercial relationship and economic interdependence between the two regions, which is useful for trade policy, business planning, and economic research.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies located in Texas.
Q: How is this trend used in economic policy?
A: Government agencies and economists use this series to monitor trade flows and inform policies that impact commercial relationships between the U.S. and foreign markets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of approximately two months, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Value of Exports to Gambia from Texas (TXGMBA052SCEN), retrieved from FRED.