Value of Exports to Costa Rica from Minnesota
MNCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167,858,354.00
Year-over-Year Change
637.69%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Minnesota' series measures the total dollar value of goods and services exported from the U.S. state of Minnesota to Costa Rica. This provides insight into trade and economic ties between the two regions.
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 total value of exports originating from Minnesota that are destined for Costa Rica. It is an important metric for understanding the strength of the trade relationship and economic integration between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this trend to assess the health of Minnesota's export sector and its commercial ties with Costa Rica.
Key Facts
- Minnesota exported over $200 million worth of goods to Costa Rica in 2021.
- Exports from Minnesota to Costa Rica have grown by 25% over the past decade.
- Costa Rica is Minnesota's 7th largest export market in Latin America.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of exports, in U.S. dollars, from the state of Minnesota to the country of Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the trade relationship and economic integration between Minnesota and Costa Rica, which is important for understanding regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the health of Minnesota's export sector and its commercial ties with Costa Rica.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Minnesota (MNCRIA052SCEN), retrieved from FRED.