Value of Exports to Costa Rica from Wisconsin
WICRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,257,917.00
Year-over-Year Change
135.10%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Wisconsin' series measures the total value of goods and services exported from the state of Wisconsin to Costa Rica. This metric is important for understanding trade dynamics and economic relationships between U.S. states and foreign countries.
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 series tracks the dollar value of all products and services that are exported from businesses located in Wisconsin to consumers and businesses in Costa Rica. It provides insight into the commercial ties and trade flow between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists analyze this metric to gauge Wisconsin's export performance and competitiveness in the Costa Rican market.
Key Facts
- Wisconsin exported $206 million in goods and services to Costa Rica in 2021.
- Costa Rica was Wisconsin's 44th largest export market in 2021.
- Top Wisconsin exports to Costa Rica include machinery, medical equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of Wisconsin 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 commercial ties between Wisconsin's economy and the Costa Rican market, which is valuable for policymakers, businesses, and economists analyzing state-level export performance.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of companies located in Wisconsin that export products and services to Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and trade organizations can use this data to monitor Wisconsin's export competitiveness, identify growth opportunities, and evaluate the impacts of trade agreements or economic policies on the state's exports to Costa Rica.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of this trade data by the Census Bureau. The series may not capture all informal or untracked export activity between Wisconsin and Costa Rica.
Related Trends
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Value of Exports to Costa Rica from Ohio
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Consumer Price Index: Health (COICOP 06): Total for Costa Rica
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Number of Identified Exporters to Costa Rica from Massachusetts
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Number of Identified Exporters to Costa Rica from Delaware
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Wisconsin (WICRIA052SCEN), retrieved from FRED.