Value of Exports to Costa Rica from Colorado
COCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,145,730.00
Year-over-Year Change
282.68%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Colorado' measures the total value of goods and services exported from the U.S. state of Colorado to Costa Rica. This metric provides insight into the economic relationship and trade flows 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 series tracks the dollar value of all products and services exported from Colorado businesses and producers to customers and buyers in Costa Rica. It is an important indicator of Colorado's export activity and trade integration with the Costa Rican market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms and customs declarations.
Historical Context
Economists and policymakers use this metric to assess Colorado's export competitiveness and the strength of its commercial ties with Costa Rica.
Key Facts
- Colorado exported $78.5 million in goods to Costa Rica in 2021.
- Top exported products from Colorado include machinery, electronics, and agricultural goods.
- Costa Rica is Colorado's 47th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods and services exported from the U.S. state of Colorado to Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic relationship and trade flows between Colorado and Costa Rica, which is useful for economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Colorado's export competitiveness and the strength of its commercial ties with the Costa Rican market.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Colorado (COCRIA052SCEN), retrieved from FRED.