Share of Merchandise Exports at Current Purchasing Power Parities for Costa Rica
CSHXCPCRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-33.26%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Exports at Current Purchasing Power Parities for Costa Rica' measures the country's export competitiveness on the global market. This metric is crucial for policymakers analyzing Costa Rica's trade position and economic development.
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 economic indicator tracks the percentage of Costa Rica's total merchandise exports relative to the global total, adjusted for differences in purchasing power across countries. It provides insights into the country's export-driven growth and competitiveness within international trade.
Methodology
The data is calculated by the World Bank using exchange rates and price levels across nations.
Historical Context
Policymakers and analysts use this metric to assess Costa Rica's export performance and trade dynamics.
Key Facts
- Costa Rica's share of global merchandise exports was 0.05% in 2020.
- The indicator has increased from 0.03% in 1980 to 0.05% in 2020.
- Costa Rica's exports are dominated by electronic components, medical devices, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Costa Rica's share of total global merchandise exports, adjusted for purchasing power differences across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Costa Rica's export competitiveness and trade position within the global economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using exchange rates and price levels across nations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Costa Rica's export performance and inform trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term fluctuations in Costa Rica's export dynamics.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Costa Rica (CSHXCPCRA156NRUG), retrieved from FRED.