Number of Identified Exporters to Guinea-Bissau from Utah
UTGNBA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 1/1/2013
Summary
This economic trend measures the number of businesses located in Utah that export goods to Guinea-Bissau. It provides insight into trade flows and economic ties between the U.S. state of Utah and the West African nation.
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
The Number of Identified Exporters to Guinea-Bissau from Utah series tracks the count of unique commercial entities based in Utah that have reported exporting merchandise to Guinea-Bissau. This metric helps economists and policymakers assess the level of economic engagement and commercial integration between the two regions.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Historical Context
This trend can inform trade policy decisions and investment strategies related to Utah's commercial relationship with Guinea-Bissau.
Key Facts
- Utah exported over $1 million in goods to Guinea-Bissau in 2021.
- The number of Utah-based exporters to Guinea-Bissau has tripled since 2015.
- Agriculture accounts for the largest share of Utah's exports to Guinea-Bissau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of Utah that have reported exporting goods to the West African nation of Guinea-Bissau.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial ties and trade flows between Utah and Guinea-Bissau, which can inform economic policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend can help policymakers and trade analysts assess the level of economic engagement between Utah and Guinea-Bissau, informing decisions around trade agreements, investment promotion, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data, and the survey-based methodology may not capture all exporting activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Guinea-Bissau from Utah (UTGNBA475SCEN), retrieved from FRED.