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The Banco Central de Costa Rica (BCCR) – Costa Rica’s Central Bank – said it will stop using the productive structure of 1991 and move to a calculation that will make 2012 the base year for estimating national accounts.

From a statement issued by the Central Bank of Costa Rica, the new figures use the year 2012 as a reference and are based on the methodological guidelines established in the Manual for the National Accounts System 2008 (2008 SNA) and will allow standardization of classifications and nomenclatures used in macroeconomic statistics.

This will expand the scope, quality and accuracy of national accounts which facilitates the preparation and presentation of data in a format showing forward-economic analysis of public and private stakeholders.