Balance of Payments: Current account balance (credit less debit) for Costa Rica
CRIBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.56
Year-over-Year Change
-47.71%
Date Range
1/1/1980 - 1/1/2030
Summary
The Balance of Payments: Current account balance (credit less debit) for Costa Rica measures the difference between the country's international receipts and payments. This is a key indicator of Costa Rica's economic health and global trade position.
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 current account balance tracks the net flow of goods, services, income, and current transfers between Costa Rica and the rest of the world. This metric is used by economists and policymakers to assess the country's trade competitiveness, capital flows, and overall external position.
Methodology
The data is compiled by the Central Bank of Costa Rica based on international standards.
Historical Context
The current account balance informs Costa Rica's monetary and fiscal policies as well as private sector investment decisions.
Key Facts
- Costa Rica has run a current account deficit since the 1990s.
- The current account deficit peaked at over 6% of GDP in 2008.
- Costa Rica's main current account surpluses come from tourism and business services exports.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current account balance (credit less debit) for Costa Rica measures the difference between the country's international receipts and payments, including trade in goods and services, income, and current transfers.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Costa Rica's economic health and global trade position, informing monetary and fiscal policies as well as private investment decisions.
Q: How is this data collected or calculated?
A: The data is compiled by the Central Bank of Costa Rica based on international standards for balance of payments accounting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the current account balance to assess Costa Rica's trade competitiveness, capital flows, and overall external position, which informs monetary, fiscal, and other economic policies.
Q: Are there update delays or limitations?
A: The current account balance data is published quarterly with a lag of several months.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Costa Rica
CRICPGRLH02GYM
Number of Identified Exporters to Costa Rica from North Dakota
NDCRIA475SCEN
Number of Identified Exporters to Costa Rica from Rhode Island
RICRIA475SCEN
Value of Exports to Costa Rica from Virginia
VACRIA052SCEN
Cash surplus/deficit (% of GDP) for Costa Rica
CASHBLCRA188A
General Government Primary Net Lending/Borrowing for Costa Rica
CRIGGXONLBGDP
Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for Costa Rica (CRIBCAGDPBP6), retrieved from FRED.