National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Costa Rica
CRINAEXCP06STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,363,033,620,000.00
Year-over-Year Change
59.14%
Date Range
1/1/1991 - 7/1/2023
Summary
This economic trend measures the total value of goods and services exported from Costa Rica. It is a key indicator of 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
The Exports of Goods and Services for Costa Rica metric captures the total monetary value of all products and services sold by Costa Rican producers to international buyers. It is a crucial component of the country's Gross Domestic Product calculation and provides insight into its export-oriented economy.
Methodology
The data is collected through surveys of businesses and trade statistics by the Costa Rican government.
Historical Context
Exports data is closely monitored by policymakers and analysts to assess the strength of Costa Rica's external sector and global competitiveness.
Key Facts
- Costa Rica's exports account for over 35% of its total GDP.
- Key export sectors include electronics, medical devices, and agricultural products.
- Exports have grown steadily over the past decade, reflecting the country's export-led development strategy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total monetary value of all goods and services exported from Costa Rica to international buyers.
Q: Why is this trend relevant for users or analysts?
A: Exports data is a crucial indicator of a country's international trade performance and competitiveness. It provides insights into the strength of the external sector and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and trade statistics by the Costa Rican government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor exports data to assess the strength of Costa Rica's external sector and global competitiveness, informing trade and economic development policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is compiled from various government sources. The data may also not capture all informal or unrecorded export activity.
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Number of Identified Exporters to Costa Rica from Michigan
MICRIA475SCEN
Number of Identified Exporters to Costa Rica from Maryland
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Bank Regulatory Capital to Risk-Weighted Assets for Costa Rica
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Costa Rica (CRINAEXCP06STSAQ), retrieved from FRED.