Number of Identified Exporters to Austria from Utah
UTAUTA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.00
Year-over-Year Change
39.68%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Austria from Utah measures the total number of businesses based in Utah that export goods or services to Austria. This metric provides insight into the economic relationship and trade flows between Utah and Austria.
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 count of unique exporting entities located in Utah that ship products or offer services to customers in Austria. It offers a gauge of the level of commercial activity and market penetration for Utah-based companies in the Austrian economy.
Methodology
The data is collected by the U.S. Census Bureau through business surveys and administrative records.
Historical Context
Policymakers and trade analysts use this metric to monitor trends in Utah's export sector and assess the state's competitiveness in the global marketplace.
Key Facts
- Utah exported over $304 million in goods to Austria in 2021.
- The number of identified Utah exporters to Austria has grown by 23% since 2015.
- Computer and electronic products make up the largest share of Utah's exports to Austria.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of businesses based in Utah that export goods or services to Austria, providing insight into trade flows between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This data point offers valuable information for policymakers, trade analysts, and businesses interested in understanding Utah's export market and economic relationships with other countries like Austria.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through business surveys and administrative records.
Q: How is this trend used in economic policy?
A: Governments and trade organizations utilize this metric to monitor trends in Utah's export sector and assess the state's global competitiveness and market access.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for business surveys and record-keeping, but the U.S. Census Bureau aims to provide timely and comprehensive coverage of exporter statistics.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Austria from Utah (UTAUTA475SCEN), retrieved from FRED.