Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Costa Rica
CRIB6CATT02CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,264,065.00
Year-over-Year Change
0.68%
Date Range
1/1/1999 - 10/1/2024
Summary
This economic trend measures Costa Rica's balance of capital transfers, which represents the net flow of capital between Costa Rica and the rest of the world. It is an important indicator of a country's financial integration and ability to attract foreign investment.
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 capital transfers tracks the difference between capital received by Costa Rica from other countries (revenue) and capital paid by Costa Rica to other countries (expenditure). This metric provides insight into Costa Rica's external financial position and can inform policy decisions related to capital flows and financial account management.
Methodology
The data is collected and calculated by the Costa Rican Central Bank based on international balance of payments accounting standards.
Historical Context
Policymakers and analysts use this metric to assess Costa Rica's ability to attract and retain foreign capital, which is crucial for economic development and growth.
Key Facts
- Costa Rica has run a capital transfer surplus since 2015.
- The balance of capital transfers reached a record high of $881 million in 2021.
- Capital transfers are an important component of Costa Rica's overall balance of payments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the balance of capital transfers for Costa Rica, which represents the net flow of capital between Costa Rica and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Costa Rica's external financial position and ability to attract foreign investment, which is crucial for economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 metric to assess Costa Rica's ability to attract and retain foreign capital, which informs decisions related to capital flows and financial account management.
Q: Are there update delays or limitations?
A: The data is published regularly by the Costa Rican Central Bank, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Costa Rica (CRIB6CATT02CXCUQ), retrieved from FRED.