Value of Exports to Barbados from Washington
WABRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
919,464.00
Year-over-Year Change
74.18%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Barbados from Washington' measures the total dollar value of goods exported from the state of Washington to Barbados. This provides insight into the economic relationship and trade flows between the two regions.
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 economic indicator tracks the value of merchandise exports originating from Washington state that are destined for Barbados. It is a useful metric for analyzing the trade dynamics and commercial ties between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and market analysts monitor this trend to understand the strength of Washington's export relationships and Barbados' role in the state's international trade portfolio.
Key Facts
- Washington state is a major exporter, with over $100 billion in annual merchandise exports.
- Barbados is a Caribbean island nation and a top destination for Washington's exports.
- Trade with Barbados accounts for less than 1% of Washington's total merchandise exports.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Barbados from Washington' measures the total dollar value of goods exported from the state of Washington to the Caribbean nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic relationship and trade flows between Washington state and Barbados, which is useful for policymakers, businesses, and market analysts looking to understand regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to understand the strength of Washington's export relationships and Barbados' role in the state's international trade portfolio, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several weeks, so there may be a delay in reflecting the most recent trade activity between Washington and Barbados.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Washington (WABRBA052SCEN), retrieved from FRED.