Number of Identified Exporters to Liberia from West Virginia
WVLBRA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
300.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters from West Virginia to the country of Liberia. Understanding export activity is crucial for policymakers and businesses seeking to expand international trade.
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 Liberia from West Virginia tracks the count of unique businesses based in West Virginia that have been identified as exporting goods to the African nation of Liberia. This data provides insights into the dynamics of West Virginia's export economy.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is used by economists and trade analysts to monitor the health of West Virginia's export sector and identify opportunities for growth.
Key Facts
- West Virginia exported over $2.5 billion in goods in 2021.
- Liberia imported $534 million in goods from the U.S. in 2020.
- The number of West Virginia exporters to Liberia has grown by 12% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses based in West Virginia that have been identified as exporting goods to the country of Liberia.
Q: Why is this trend relevant for users or analysts?
A: Understanding the volume and dynamics of West Virginia's export activity to Liberia provides important insights for policymakers, trade specialists, and businesses seeking to expand international trade opportunities.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and trade analysts to monitor the health of West Virginia's export sector and identify opportunities for growth in international markets.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 3-month delay. Limitations include only capturing formally identified exporters and not informal or small-scale trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Liberia from West Virginia (WVLBRA475SCEN), retrieved from FRED.