Value of Exports to Costa Rica from Massachusetts
MACRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93,868,499.00
Year-over-Year Change
-11.91%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Massachusetts' trend measures the dollar value of goods and services exported from the U.S. state of Massachusetts to Costa Rica. This metric is important for analyzing trade flows and regional economic 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
This economic series tracks the value of merchandise and services exported from Massachusetts businesses to customers in Costa Rica. It provides insight into the commercial relationship between the two regions and can inform policy decisions related to trade, investment, and economic development.
Methodology
The data is collected and published by the U.S. Census Bureau through its state export series.
Historical Context
Policymakers and analysts use this trend to evaluate Massachusetts' trade position and competitiveness in the Costa Rican market.
Key Facts
- Massachusetts exported $250 million worth of goods to Costa Rica in 2021.
- Exports from Massachusetts to Costa Rica have grown by 8% annually over the past decade.
- Machinery and electrical equipment are the top export categories from Massachusetts to Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Massachusetts to the country of Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Massachusetts and Costa Rica, which is important for understanding regional economic dynamics and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its state export series.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Massachusetts' trade position and competitiveness in the Costa Rican market, which can inform decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: There may be lags of several months in the data due to the time required for collection and publication by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Massachusetts (MACRIA052SCEN), retrieved from FRED.