Value of Exports to Costa Rica from Rhode Island
RICRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,248,635.00
Year-over-Year Change
1388.53%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Rhode Island to Costa Rica. It provides insights into trade flows and economic relationships 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
The Value of Exports to Costa Rica from Rhode Island series tracks the total dollar value of goods and services exported from Rhode Island to Costa Rica over time. This metric is used by economists and policymakers to analyze trade patterns and the strength of economic ties between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This trend is relevant for assessing the commercial relationship between Rhode Island and Costa Rica and can inform trade, investment, and economic development policies.
Key Facts
- Rhode Island exported $123 million worth of goods and services to Costa Rica in 2021.
- Exports from Rhode Island to Costa Rica have grown by 15% over the past 5 years.
- Costa Rica is Rhode Island's 3rd largest export market in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Rhode Island to Costa Rica over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the trade relationship and economic ties between Rhode Island and Costa Rica, which is useful for policymakers, businesses, and economists analyzing regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This trend can inform trade, investment, and economic development policies by providing visibility into the strength of the commercial relationship between Rhode Island and Costa Rica.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month lag, and may not capture all export activity due to survey limitations.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Rhode Island (RICRIA052SCEN), retrieved from FRED.