National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Costa Rica
CRINAEXKP02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,671,830,560,000.00
Year-over-Year Change
40.82%
Date Range
1/1/1991 - 7/1/2023
Summary
This economic trend measures private final consumption expenditure in Costa Rica, adjusted for inflation, which is a key component of the country's gross domestic product (GDP).
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
Private final consumption expenditure represents the total value of goods and services purchased by households in Costa Rica. It is a crucial indicator of domestic demand and consumer confidence, and is widely used by economists and policymakers to assess the health of the Costa Rican economy.
Methodology
The data is collected by the Central Bank of Costa Rica through surveys and national accounts.
Historical Context
This trend is closely monitored by the Costa Rican government and international institutions to inform macroeconomic policy decisions.
Key Facts
- Costa Rica's private consumption accounts for over 60% of its GDP.
- Private consumption growth has averaged 3% annually over the past decade.
- Household spending is a key driver of economic activity in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures private final consumption expenditure in Costa Rica, which represents the total value of goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a crucial indicator of domestic demand and consumer confidence, and is widely used by economists and policymakers to assess the health of the Costa Rican economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Costa Rica through surveys and national accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Costa Rican government and international institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and revisions of the Central Bank of Costa Rica's national accounts.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Costa Rica (CRINAEXKP02STSAQ), retrieved from FRED.