National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Costa Rica
CRINAEXCP07STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,942,625,430,000.00
Year-over-Year Change
56.15%
Date Range
1/1/1991 - 7/1/2023
Summary
This economic trend measures the value of imports of goods and services for Costa Rica, a key component of its gross domestic product (GDP) by expenditure. Tracking this metric provides insight into the country's trade balance and international economic integration.
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 'National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services' series represents the monetary value of all goods and services imported into Costa Rica, which is then subtracted from the country's overall GDP. This metric is used by economists and policymakers to analyze Costa Rica's trade position and the role of international transactions in its economic performance.
Methodology
The data is collected by Costa Rica's national statistical agency based on surveys and administrative records.
Historical Context
This metric is widely used to inform trade, monetary, and fiscal policies in Costa Rica.
Key Facts
- Costa Rica's imports of goods and services account for over 30% of its GDP.
- Imports have grown steadily as a share of Costa Rica's economy since the 1990s.
- Trade balance is a key consideration in Costa Rica's economic and policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of all goods and services imported into Costa Rica, which is then subtracted from the country's overall gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Tracking imports of goods and services is crucial for understanding Costa Rica's trade balance and the role of international transactions in its economic performance.
Q: How is this data collected or calculated?
A: The data is collected by Costa Rica's national statistical agency based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric is widely used to inform trade, monetary, and fiscal policies in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published regularly by the Costa Rican government, but may have some delays in reporting.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Costa Rica (CRINAEXCP07STSAQ), retrieved from FRED.