Value of Exports to Costa Rica from Nevada
NVCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,965,117.00
Year-over-Year Change
355.62%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Nevada' trend measures the total dollar value of goods and services exported from the U.S. state of Nevada to Costa Rica. This provides insight into Nevada's trade relationship with the Central American country.
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 series tracks the monthly dollar value of all products and services exported from Nevada businesses to customers in Costa Rica. It is an important indicator of Nevada's export activity and trade integration within the broader U.S.-Costa Rica commercial relationship.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
This export data is closely monitored by policymakers, trade groups, and businesses to assess Nevada's competitiveness in the Costa Rican market.
Key Facts
- Nevada exported $78.5 million to Costa Rica in 2021.
- Exports have grown by 25% since 2018.
- Top Nevada exports to Costa Rica include machinery, electronics, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Nevada to Costa Rica on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This export data provides important insights into Nevada's trade relationship with Costa Rica and can inform business strategies, economic policy, and assessments of Nevada's global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: Policymakers, trade groups, and businesses closely monitor this export data to assess Nevada's competitiveness in the Costa Rican market and inform decisions around trade agreements, export promotion, and economic development initiatives.
Q: Are there update delays or limitations?
A: The export data is published with a 1-2 month lag, so the most recent figures may not reflect the current trade environment. Additionally, the data does not capture all economic activity, such as services trade or informal exports.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Nevada (NVCRIA052SCEN), retrieved from FRED.