Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Costa Rica
CRIPRCNTO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.59
Year-over-Year Change
10.47%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic indicator measures the production volume of construction activity in Costa Rica. It provides insight into the overall state of the Costa Rican construction industry and broader economic conditions.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Costa Rica metric tracks the volume of construction output in the country. It is a key indicator used by economists and policymakers to assess the health and trajectory of the construction sector, which is an important driver of economic growth.
Methodology
The data is collected through surveys of construction firms and compiled by the Costa Rican statistical agency.
Historical Context
Trends in construction production are closely monitored by the Costa Rican government and central bank to inform economic and fiscal policies.
Key Facts
- Costa Rica's construction industry accounts for over 6% of GDP.
- Construction production has grown by an average of 3.5% annually over the past decade.
- Housing and infrastructure projects make up the majority of construction activity in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the production volume or output of the construction industry in Costa Rica, providing insight into the overall state of the sector.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth in Costa Rica, so trends in construction production are closely monitored by economists, policymakers, and investors to assess the country's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and compiled by the Costa Rican statistical agency.
Q: How is this trend used in economic policy?
A: The Costa Rican government and central bank use this construction production data to inform economic and fiscal policies, as the construction sector is a significant component of the country's overall economic activity.
Q: Are there update delays or limitations?
A: There may be some delay in the reporting of this data, as it relies on survey responses from construction firms. The coverage and accuracy of the data may also be limited by the scope of the survey.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Costa Rica (CRIPRCNTO01IXOBSAQ), retrieved from FRED.