Gross National Income for Costa Rica
MKTGNICRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,413,217,229.79
Year-over-Year Change
93.25%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Costa Rica measures the total income earned by the country's residents and businesses, both domestically and abroad. It is a key indicator of economic well-being and 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
GNI represents the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income from abroad. It provides a comprehensive picture of a country's economic performance and is widely used by economists and policymakers.
Methodology
The data is collected and reported by the World Bank based on national accounts information provided by the Costa Rican government.
Historical Context
GNI is a crucial metric for evaluating Costa Rica's economic growth, living standards, and international competitiveness.
Key Facts
- Costa Rica's GNI per capita was $12,590 in 2021.
- GNI grew by 4.2% in Costa Rica from 2020 to 2021.
- Services account for the largest share of Costa Rica's GNI at 66%.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Costa Rica measures the total income earned by the country's residents and businesses, both domestically and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive indicator of Costa Rica's economic performance and development, providing insights into living standards, international competitiveness, and overall well-being.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national accounts information provided by the Costa Rican government.
Q: How is this trend used in economic policy?
A: GNI is a crucial metric for evaluating Costa Rica's economic growth, informing policymakers and analysts on the country's economic trajectory and competitiveness.
Q: Are there update delays or limitations?
A: The GNI data for Costa Rica is updated annually with a short delay, providing a reliable and comprehensive picture of the country's economic performance.
Related Trends
Liquid Liabilities to GDP for Costa Rica
DDDI05CRA156NWDB
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Costa Rica
CRIFCSODCGGDPPT
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Costa Rica
CRINAEXCP07STSAQ
Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Costa Rica
CRIFCSODUXDC
Number of Identified Exporters to Costa Rica from South Carolina
SCCRIA475SCEN
Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Costa Rica
CRIB6CATT00CXCUQ
Citation
U.S. Federal Reserve, Gross National Income for Costa Rica (MKTGNICRA646NWDB), retrieved from FRED.