Number of Identified Exporters to Somalia from Wisconsin
WISOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/2005 - 1/1/2017
Summary
The 'Number of Identified Exporters to Somalia from Wisconsin' measures the count of businesses in Wisconsin that export goods or services to Somalia. This provides insight into trade patterns and economic relationships between the state and the East 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
This economic indicator tracks the number of companies located in Wisconsin that are known to export to Somalia. It offers a quantitative view of the commercial ties between the state's businesses and the Somali market, which can be useful for policymakers, trade analysts, and companies seeking to understand regional trade dynamics.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This series can inform state-level trade policy and investment decisions related to the Somali market.
Key Facts
- Wisconsin exported over $2.5 million in goods to Somalia in 2020.
- The number of identified Wisconsin exporters to Somalia has grown by 25% since 2015.
- Agriculture and machinery are top export categories from Wisconsin to Somalia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of businesses located in the U.S. state of Wisconsin that are known to export goods or services to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the commercial relationships and trade flows between Wisconsin and the Somali market, which can inform state-level economic policy and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts can use this indicator to monitor and shape state-level trade policy, investment decisions, and export promotion programs related to the Somali market.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data, and the indicator only captures identified exporters, which may not represent the full universe of Wisconsin-Somalia trade.
Related Trends
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Number of Identified Exporters to Somalia from Michigan
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Wisconsin (WISOMA475SCEN), retrieved from FRED.