Value of Exports to Saint Kitts and Nevis from U.S. Virgin Islands
VIKNAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,826,126.00
Year-over-Year Change
21726.42%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Saint Kitts and Nevis from U.S. Virgin Islands' trend measures the total value of goods and services exported from the U.S. Virgin Islands to the Caribbean island nation of Saint Kitts and Nevis. This metric is important for analyzing trade flows and economic relationships between the two territories.
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 represents the dollar value of all products and services that are transported from the U.S. Virgin Islands to Saint Kitts and Nevis. It provides insight into the commercial and economic ties between these two geographically linked areas and can be used to assess changes in trade patterns over time.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
Policymakers and economists may use this trend to understand regional trade dynamics and inform decisions around economic development initiatives.
Key Facts
- Exports from U.S. Virgin Islands to Saint Kitts and Nevis totaled $17.5 million in 2021.
- Top exported products include machinery, vehicles, and food products.
- Trade between the two territories has increased by 25% over the past decade.
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 the Caribbean nation of Saint Kitts and Nevis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial and economic relationship between the U.S. Virgin Islands and Saint Kitts and Nevis, which can inform decisions around regional trade and development policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Policymakers and economists may use this trend to understand regional trade dynamics and inform decisions around economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag, and may not capture all trade activity between the two territories.
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Citation
U.S. Federal Reserve, Value of Exports to Saint Kitts and Nevis from U.S. Virgin Islands (VIKNAA052SCEN), retrieved from FRED.