National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Costa Rica
Costa Rican Colon
CRINAEXKP06STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,363,033,620,000.00
Year-over-Year Change
59.14%
Date Range
1/1/1991 - 7/1/2023
Summary
The Costa Rican Colon is the official currency of Costa Rica, providing insight into the country's exchange rate and trade dynamics.
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 Costa Rican Colon exchange rate measures the value of the Costa Rican currency relative to the U.S. dollar. It is a key economic indicator used to assess Costa Rica's international competitiveness and trade position.
Methodology
The data is collected by the Central Bank of Costa Rica and represents the average daily exchange rate.
Historical Context
The Colon exchange rate is closely monitored by policymakers, investors, and analysts to gauge Costa Rica's economic performance and prospects.
Key Facts
- Costa Rica adopted the Colon as its national currency in 1896.
- The Colon is divided into 100 céntimos.
- Costa Rica's economy is heavily dependent on exports and tourism.
FAQs
Q: What does this economic trend measure?
A: The Costa Rican Colon exchange rate measures the value of the Costa Rican currency relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The Colon exchange rate is a key indicator of Costa Rica's international competitiveness and trade position, providing insights for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Costa Rica and represents the average daily exchange rate.
Q: How is this trend used in economic policy?
A: The Colon exchange rate is closely monitored by Costa Rican policymakers to assess the country's economic performance and guide monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is updated daily by the Central Bank of Costa Rica, with minimal delays in reporting.
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Citation
U.S. Federal Reserve, Costa Rican Colon (CRINAEXKP06STSAQ), retrieved from FRED.