Fiscal Year Gross Domestic Product for Costa Rica
CRINGDPFY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,084,581,237,268.30
Year-over-Year Change
110.02%
Date Range
1/1/2011 - 1/1/2024
Summary
The Fiscal Year Gross Domestic Product (GDP) for Costa Rica measures the total economic output of the country over a 12-month fiscal period. It is a key indicator used by economists and policymakers to assess the overall health and growth of the Costa Rican economy.
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 is the broadest measure of a country's economic activity, encompassing the value of all goods and services produced within its borders. The Fiscal Year GDP for Costa Rica provides a comprehensive snapshot of the nation's economic performance over a defined 12-month fiscal cycle, rather than a calendar year.
Methodology
The data is collected and calculated by the Central Bank of Costa Rica based on surveys, administrative records, and other statistical sources.
Historical Context
Fiscal Year GDP is widely used by governments, international institutions, and market analysts to inform economic policy, investment decisions, and growth forecasts.
Key Facts
- Costa Rica's Fiscal Year GDP reached $62.2 billion in 2021.
- The services sector accounts for over 60% of Costa Rica's GDP.
- Costa Rica has experienced average annual GDP growth of 3.6% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Fiscal Year Gross Domestic Product (GDP) for Costa Rica measures the total value of goods and services produced in the country over a 12-month fiscal period.
Q: Why is this trend relevant for users or analysts?
A: Fiscal Year GDP is a key indicator of a country's overall economic performance and growth, making it essential for policymakers, investors, and economists to monitor and analyze.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Costa Rica based on surveys, administrative records, and other statistical sources.
Q: How is this trend used in economic policy?
A: Fiscal Year GDP is widely used by governments, international institutions, and market analysts to inform economic policy, investment decisions, and growth forecasts.
Q: Are there update delays or limitations?
A: The Fiscal Year GDP data for Costa Rica is typically released with a lag of several months, and may be subject to revisions as more comprehensive information becomes available.
Related Trends
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Costa Rica
CRIB6FATT01CXCUQ
Value of Exports to Costa Rica from Oregon
ORCRIA052SCEN
Balance of Payments: Services: Expenditure for Costa Rica
CRIB6DBSE02STSAQ
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Costa Rica
CRINAEXCP05STSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Costa Rica
CRICP080000IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Costa Rica
CRICP010000IXOBM
Citation
U.S. Federal Reserve, Fiscal Year Gross Domestic Product for Costa Rica (CRINGDPFY), retrieved from FRED.