Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Costa Rica
CRIPRMNTO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.67
Year-over-Year Change
19.27%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic trend measures manufacturing production volume in Costa Rica, providing insight into the overall state of the country's industrial sector.
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 Volume: Economic Activity: Manufacturing for Costa Rica index tracks changes in the output of the manufacturing industry, a key driver of the nation's economic growth. It is a widely-used indicator of industrial activity and economic performance.
Methodology
The data is collected through surveys of manufacturing firms and compiled by the Central Bank of Costa Rica.
Historical Context
Policymakers and analysts monitor this trend to assess the health of Costa Rica's economy and inform economic policy decisions.
Key Facts
- Costa Rica's manufacturing sector accounts for over 15% of GDP.
- Manufacturing production experienced a sharp decline during the COVID-19 pandemic.
- The index is a leading indicator of broader economic performance in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing industry in Costa Rica, providing a gauge of industrial activity and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production index is a key indicator of Costa Rica's economic health, helping policymakers and investors assess the state of the industrial sector and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and compiled by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to inform decisions on fiscal, monetary, and industrial policies aimed at supporting economic growth in Costa Rica.
Q: Are there update delays or limitations?
A: The manufacturing production index is published monthly with a typical lag of 1-2 months, providing timely data for analysts and policymakers.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Costa Rica (CRIPRMNTO01IXOBSAQ), retrieved from FRED.