Price Level of Exports for Costa Rica
PLXCPPCRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
10.71%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Costa Rica measures changes in the overall prices of goods and services exported by Costa Rica. This metric is important for economists and policymakers to understand Costa Rica's international trade competitiveness and the impacts of exchange rate movements.
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 Price Level of Exports for Costa Rica is an index that tracks the average prices of all goods and services exported by the Costa Rican economy. It provides insight into the international price competitiveness of Costa Rican exports and can inform assessments of the country's trade balance and exchange rate policies.
Methodology
The data is calculated based on export price surveys conducted by the Central Bank of Costa Rica.
Historical Context
Policymakers use this metric to monitor the impacts of exchange rate and trade policies on the competitiveness of Costa Rican exports.
Key Facts
- The base year for the Price Level of Exports index is 2015.
- Costa Rica's exports account for over 35% of its GDP.
- Export prices have risen by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Costa Rica measures the average prices of goods and services exported by the Costa Rican economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the international price competitiveness of Costa Rican exports, which is important for assessing the country's trade balance and the impacts of exchange rate policies.
Q: How is this data collected or calculated?
A: The data is calculated based on export price surveys conducted by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor the impacts of exchange rate and trade policies on the competitiveness of Costa Rican exports.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Price Level of Exports for Costa Rica (PLXCPPCRA670NRUG), retrieved from FRED.