Gross Domestic Product in U.S. Dollars for Costa Rica
CRINGDPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,280,384,431.30
Year-over-Year Change
70.87%
Date Range
1/1/2011 - 1/1/2024
Summary
The Gross Domestic Product (GDP) in U.S. Dollars for Costa Rica measures the total value of all goods and services produced within the country. It is a key indicator of economic activity and a widely used metric for international economic comparisons.
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
GDP in U.S. Dollars provides a standardized way to track the size and growth of a national economy over time. It is an important metric for policymakers, investors, and analysts to assess Costa Rica's economic performance and development.
Methodology
The data is collected and calculated by the Costa Rican Central Bank based on national accounts and other economic indicators.
Historical Context
GDP data is used to inform economic policy decisions, investment strategies, and international trade negotiations.
Key Facts
- Costa Rica's GDP in U.S. Dollars was $65.1 billion in 2021.
- The GDP per capita in Costa Rica was $12,794 in 2021.
- Costa Rica's economy is primarily driven by services, agriculture, and manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) in U.S. Dollars for Costa Rica measures the total market value of all final goods and services produced within the country in a given year.
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely used metric for assessing the size, growth, and overall health of a national economy. It is important for policymakers, investors, and analysts to track Costa Rica's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Costa Rican Central Bank based on national accounts and other economic indicators.
Q: How is this trend used in economic policy?
A: GDP data is used to inform economic policy decisions, investment strategies, and international trade negotiations related to Costa Rica's economy.
Q: Are there update delays or limitations?
A: The GDP data for Costa Rica is typically published with a few months' delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product in U.S. Dollars for Costa Rica (CRINGDPD), retrieved from FRED.