Production: Construction: Total for Costa Rica
CRIPRCNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.83
Year-over-Year Change
18.30%
Date Range
2/1/1991 - 4/1/2025
Summary
This economic trend measures the total construction output in Costa Rica, providing insights into the country's infrastructure development and 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 Production: Construction: Total for Costa Rica series tracks the overall output of the construction industry in the country, including residential, commercial, and infrastructure projects. This metric is closely watched by policymakers, investors, and analysts to gauge the health of the Costa Rican economy and identify opportunities for growth.
Methodology
The data is collected by the Costa Rican National Institute of Statistics and Technology through surveys of construction firms and project records.
Historical Context
Construction activity is a leading indicator of broader economic conditions, as it reflects investment, employment, and demand trends.
Key Facts
- Costa Rica's construction sector accounts for around 7% of its GDP.
- Construction employment in Costa Rica has grown by over 15% in the past 5 years.
- The government of Costa Rica has prioritized infrastructure investment as a key driver of economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output and activity of the construction industry in Costa Rica, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: Construction activity is a leading indicator of broader economic conditions, as it reflects investment, employment, and demand trends. This metric is closely watched by policymakers, investors, and analysts to gauge the health of the Costa Rican economy.
Q: How is this data collected or calculated?
A: The data is collected by the Costa Rican National Institute of Statistics and Technology through surveys of construction firms and project records.
Q: How is this trend used in economic policy?
A: Policymakers in Costa Rica use this construction output data to inform infrastructure investment decisions, monitor economic growth, and assess the impact of policy changes on the broader economy.
Q: Are there update delays or limitations?
A: The construction output data for Costa Rica is published on a monthly basis, with a typical 2-month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Costa Rica (CRIPRCNTO01GPSAM), retrieved from FRED.