Value of Exports to Aruba from U.S. Virgin Islands
VIABWA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,366.00
Year-over-Year Change
-85.15%
Date Range
1/1/2002 - 1/1/2009
Summary
The 'Value of Exports to Aruba from U.S. Virgin Islands' trend measures the total value of goods and services exported from the U.S. Virgin Islands to Aruba. This metric provides insights into the trade relationship and economic linkages between these two entities.
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 dollar value of all products and services sold by businesses in the U.S. Virgin Islands to customers and clients located in Aruba. It is an important indicator of the commercial activity and interdependence between these Caribbean economies.
Methodology
The data is collected through surveys of businesses in the U.S. Virgin Islands and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to monitor regional trade flows and assess the economic health of the U.S. Virgin Islands and its trading partners.
Key Facts
- Exports from U.S. Virgin Islands to Aruba totaled $63.4 million in 2021.
- Aruba is the 2nd largest destination for exports from the U.S. Virgin Islands.
- The value of exports has increased by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. Virgin Islands to Aruba, providing insights into the trade relationship between these two Caribbean economies.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding regional economic interdependence and can inform policymakers and businesses about trade patterns and commercial activity between the U.S. Virgin Islands and Aruba.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the U.S. Virgin Islands and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor regional trade flows and assess the economic health of the U.S. Virgin Islands and its trading partners, such as Aruba.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the information is compiled from surveys of businesses in the U.S. Virgin Islands.
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Citation
U.S. Federal Reserve, Value of Exports to Aruba from U.S. Virgin Islands (VIABWA052SCEN), retrieved from FRED.