National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Costa Rica
CRINAEXKP01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,310,756,800,000.00
Year-over-Year Change
22.24%
Date Range
1/1/1991 - 7/1/2023
Summary
This economic trend measures the total Gross Domestic Product (GDP) of Costa Rica, adjusted for inflation, as part of the country's national accounts. GDP is a key indicator of economic activity and growth.
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
GDP by expenditure is a comprehensive measure of a country's economic output, including consumer spending, investment, government spending, and net exports. Tracking this data helps economists and policymakers assess the overall health and trajectory of Costa Rica's economy.
Methodology
The data is collected and calculated by Costa Rica's national statistical agency based on surveys, administrative records, and other sources.
Historical Context
GDP figures are closely watched by international institutions, investors, and analysts to gauge Costa Rica's macroeconomic performance and development.
Key Facts
- Costa Rica's GDP reached $62 billion in 2021.
- GDP per capita in Costa Rica was $12,200 in 2021.
- The service sector accounts for over 60% of Costa Rica's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total Gross Domestic Product (GDP) of Costa Rica, adjusted for inflation, as part of the country's national accounts.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of a country's overall economic activity and growth, making this data highly relevant for economists, policymakers, and investors analyzing Costa Rica's macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Costa Rica's national statistical agency based on surveys, administrative records, and other sources.
Q: How is this trend used in economic policy?
A: GDP figures are closely watched by international institutions, investors, and analysts to gauge Costa Rica's macroeconomic performance and development, which informs economic policies and investment decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the release of the latest GDP data due to the time required for data collection and compilation by the national statistical agency.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Costa Rica (CRINAEXKP01STSAQ), retrieved from FRED.