Balance of Payments: Services: Revenue for Costa Rica
CRIB6CRSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.24
Year-over-Year Change
6.42%
Date Range
1/1/1999 - 10/1/2024
Summary
The Balance of Payments: Services: Revenue for Costa Rica measures the value of services exports from Costa Rica, providing insight into the country's international trade and economic performance.
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 revenue generated by Costa Rica through the export of services, including tourism, transportation, and professional services. It is an important measure of the country's participation in the global services trade and its competitiveness in the international marketplace.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
This metric is closely monitored by policymakers and analysts to assess Costa Rica's economic health and trade dynamics.
Key Facts
- Costa Rica is a major exporter of services, particularly in the tourism and business process outsourcing industries.
- Services account for over 60% of Costa Rica's GDP.
- The services trade surplus has been a key driver of Costa Rica's economic growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the value of services exports from Costa Rica, including tourism, transportation, and professional services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Costa Rica's international trade performance and competitiveness in the global services market, which is crucial for assessing the country's economic health and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to evaluate Costa Rica's trade dynamics and the effectiveness of policies aimed at promoting the services sector and boosting exports.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with some potential for slight delays in reporting.
Related Trends
Gross Domestic Product in U.S. Dollars for Costa Rica
CRINGDPD
Geographical Outreach: Number of Institutions, Other Depository Corporations for Costa Rica
CRIFCIODNUM
General Government Net Lending/Borrowing for Costa Rica
CRIGGXCNLGDP
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing Excluding Imputed Rentals for Housing for Costa Rica
CRICPGRHO02GYQ
Value of Exports to Costa Rica from California
CACRIA052SCEN
Number of Bank Accounts for Costa Rica
DDAI01CRA642NWDB
Citation
U.S. Federal Reserve, Balance of Payments: Services: Revenue for Costa Rica (CRIB6CRSE02STSAQ), retrieved from FRED.