Number of Identified Exporters to Costa Rica from New Mexico
NMCRIA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
114.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Costa Rica from New Mexico measures the count of companies located in New Mexico that export goods to Costa Rica. This metric provides insights into the trade dynamics between the two regions.
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 indicator tracks the number of businesses headquartered in New Mexico that are actively exporting products or services to the Costa Rican market. It offers valuable information on the scale and trends of trade flows between the U.S. state and the Central American country.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and economists use this metric to analyze the strength of economic ties and trade relationships between regions.
Key Facts
- New Mexico exported $91 million in goods to Costa Rica in 2021.
- The number of identified exporters from New Mexico to Costa Rica has grown by 12% over the past 5 years.
- Costa Rica is New Mexico's 4th largest export destination in Latin America.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of businesses headquartered in New Mexico that are actively exporting products or services to the Costa Rican market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the trade dynamics and economic ties between the U.S. state of New Mexico and Costa Rica, which is important for policymakers and economists analyzing regional trade flows.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the strength of economic ties and trade relationships between regions, which can inform decisions around trade agreements, economic development initiatives, and foreign investment policies.
Q: Are there update delays or limitations?
A: The data is published with a few months' delay, and may not capture all exporting firms due to survey response rates.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Costa Rica from New Mexico (NMCRIA475SCEN), retrieved from FRED.