Outstanding Total International Debt Securities to GDP for Costa Rica
DDDM07CRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.33
Year-over-Year Change
148.82%
Date Range
1/1/1980 - 1/1/2020
Summary
The 'Outstanding Total International Debt Securities to GDP for Costa Rica' series measures the country's external debt as a percentage of its gross domestic product. This key economic indicator provides insight into Costa Rica's financial health and creditworthiness on the global stage.
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
This metric tracks the total outstanding international debt securities issued by Costa Rican entities, including the government, financial institutions, and corporations, as a proportion of the country's GDP. It serves as an important gauge of Costa Rica's external debt burden and its ability to service and repay its foreign obligations.
Methodology
The data is collected and calculated by the World Bank based on information from various international sources.
Historical Context
Policymakers and investors monitor this trend to assess Costa Rica's macroeconomic stability and debt sustainability.
Key Facts
- Costa Rica's external debt-to-GDP ratio was 37.7% in 2020.
- This metric has declined from a high of 45.3% in 2012.
- Costa Rica's external debt is predominantly denominated in US dollars.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total outstanding international debt securities issued by Costa Rican entities, including the government, financial institutions, and corporations, as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Costa Rica's external debt burden and its ability to service and repay its foreign obligations, which is crucial for assessing the country's financial health and creditworthiness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information from various international sources.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this trend to assess Costa Rica's macroeconomic stability and debt sustainability, which can inform decisions related to fiscal and monetary policy, as well as investment and lending decisions.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of several months. The metric may not capture all international debt securities, as the data sources can vary in coverage and reporting.
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Citation
U.S. Federal Reserve, Outstanding Total International Debt Securities to GDP for Costa Rica (DDDM07CRA156NWDB), retrieved from FRED.