Constant GDP per capita for Costa Rica
NYGDPPCAPKDCRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,866.58
Year-over-Year Change
35.13%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Constant GDP per capita for Costa Rica' metric measures the total economic output of Costa Rica divided by its population, adjusted for inflation. This important indicator provides insight into the country's standard of living and economic well-being.
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
GDP per capita is a key macroeconomic indicator used to assess a country's economic development and prosperity. The 'constant' adjustment removes the effects of inflation, allowing for meaningful comparisons over time.
Methodology
This data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and economists closely monitor GDP per capita trends to inform economic and social policies.
Key Facts
- Costa Rica's GDP per capita was $12,301 in 2021.
- GDP per capita has grown by over 50% in Costa Rica since 2000.
- Costa Rica has the highest GDP per capita in Central America.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for Costa Rica' metric measures the total economic output of Costa Rica divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's standard of living and economic well-being, providing insight into the prosperity and development of the Costa Rican economy.
Q: How is this data collected or calculated?
A: This data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor GDP per capita trends to inform economic and social policies in Costa Rica and across the region.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Costa Rica (NYGDPPCAPKDCRI), retrieved from FRED.