Production: Construction: Total for Costa Rica
CRIPRCNTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.25
Year-over-Year Change
-111.56%
Date Range
1/1/1992 - 4/1/2025
Summary
The 'Production: Construction: Total for Costa Rica' trend measures the total value of construction activity in Costa Rica. It is an important indicator of economic growth and investment in the country's infrastructure.
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
This series represents the total output of the construction industry in Costa Rica. It is used by economists and policymakers to assess the health of the national economy and identify potential areas for investment and development.
Methodology
The data is collected through surveys of construction firms and contractors operating in Costa Rica.
Historical Context
This trend is closely watched by investors and government officials as a barometer of economic activity and investment.
Key Facts
- Costa Rica's construction industry accounts for around 5% of its GDP.
- Construction activity peaked in 2019 before declining during the COVID-19 pandemic.
- The government has invested heavily in infrastructure projects to spur economic development.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Costa Rica' trend measures the total value of construction activity in the country, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic growth and investment in Costa Rica, providing insights into the health of the national economy and the state of the construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors operating in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and government officials closely monitor this trend to assess the overall state of the economy and identify areas for potential investment and development.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be occasional delays or limitations due to factors such as survey response rates or changes in data collection methods.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Costa Rica (CRIPRCNTO01GYSAM), retrieved from FRED.