Thursday, 28 May 2020

Costa Rica Changes Calculation Basis of Gross Domestic Product (GDP)

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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.

- paying the bills -

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.

- paying the bills -
- paying the bills -
Q24N
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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