Value of Exports to Costa Rica from Puerto Rico
PRCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,954,823.00
Year-over-Year Change
-36.64%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Puerto Rico' series measures the total value of goods and services exported from Puerto Rico to Costa Rica. This metric is important for understanding bilateral trade flows and economic relationships 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 data series tracks the dollar value of all products and services that are sent from Puerto Rico to Costa Rica. It provides insight into the commercial activity and trade balance between these two economies and can be used to analyze trends in import/export activity.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs records and other official trade statistics.
Historical Context
Policymakers and market analysts use this metric to assess the strength of economic ties and trade dynamics between Puerto Rico and Costa Rica.
Key Facts
- Puerto Rico exported $206 million in goods and services to Costa Rica in 2021.
- Exports from Puerto Rico to Costa Rica have grown by 25% over the past 5 years.
- Costa Rica is Puerto Rico's 13th largest export market worldwide.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of all products and services exported from Puerto Rico to Costa Rica over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic linkages between Puerto Rico and Costa Rica, which is useful for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs records and other official trade statistics.
Q: How is this trend used in economic policy?
A: Governments and international organizations use this data to assess the strength of bilateral trade ties and inform economic policies that impact import/export activity between Puerto Rico and Costa Rica.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 month lag, and may not capture all informal or unrecorded trade activity between the two regions.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Puerto Rico (PRCRIA052SCEN), retrieved from FRED.