National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Costa Rica
CRINAEXKP06GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-37.97%
Date Range
4/1/1991 - 1/1/2025
Summary
This economic indicator measures the constant-price value of exports of goods and services for Costa Rica. It is a key component of the country's gross domestic product (GDP) and provides insights into its international trade dynamics.
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 trend represents the total value of all goods and services exported by Costa Rica to other countries, adjusted for inflation. It is a crucial metric for analyzing the nation's economic performance and external sector, as exports can drive economic growth and shape trade policy.
Methodology
This data is collected and calculated by Costa Rica's national statistical agency based on surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to evaluate Costa Rica's export competitiveness and the impact of factors like exchange rates, trade agreements, and global demand on the country's external sector.
Key Facts
- Costa Rica's exports of goods and services account for over 35% of its GDP.
- Exports have grown by an average of 4.5% annually over the past decade.
- Key export sectors include electronics, medical devices, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant-price value of all goods and services exported by Costa Rica to other countries, a key component of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Costa Rica's international trade dynamics and export competitiveness, which are crucial for evaluating the nation's economic performance and informing trade and economic policies.
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 and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Costa Rica's export competitiveness and the impact of factors like exchange rates, trade agreements, and global demand on the country's external sector.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the trend may not capture all informal or unrecorded export activities.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Costa Rica (CRINAEXKP06GPSAQ), retrieved from FRED.