Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Costa Rica
CRIB6CATT01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1999 - 10/1/2024
Summary
This economic trend measures the net balance between revenue and expenditure on nonproduced, nonfinancial assets for Costa Rica's balance of payments. It provides insight into the country's international transactions related to land, mineral rights, and other natural resources.
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 Balance of Payments: Gross Acquisitions/Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Costa Rica tracks the country's net revenue from transactions involving the purchase and sale of natural resources and other nonproduced assets with foreign entities. This metric is used by economists to analyze Costa Rica's international trade and investment activities.
Methodology
The data is collected and reported by the Costa Rican Central Bank based on international balance of payments accounting standards.
Historical Context
Policymakers and analysts use this trend to assess Costa Rica's natural resource trade and its broader economic relationships with the global market.
Key Facts
- Costa Rica is a net exporter of natural resources.
- This metric reflects revenue from selling land, mineral rights, and other non-produced assets.
- The balance on this account has been positive for Costa Rica in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net balance between Costa Rica's revenue and expenditure on transactions involving the purchase and sale of natural resources and other nonproduced, nonfinancial assets with foreign entities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Costa Rica's international trade and investment activities related to natural resources, which is useful for economists and policymakers analyzing the country's balance of payments and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Costa Rican Central Bank based on international balance of payments accounting standards.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Costa Rica's natural resource trade and its broader economic relationships with the global market.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the Costa Rican Central Bank.
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Citation
U.S. Federal Reserve, Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Costa Rica (CRIB6CATT01CXCUQ), retrieved from FRED.