Costa Rica | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Republic of Costa Rica
Records
63
Source
Costa Rica | DEC alternative conversion factor (LCU per US$)
1960 5.6363
1961 5.9742
1962 6.6501
1963 6.6501
1964 6.6501
1965 6.625
1966 6.625
1967 6.625
1968 6.625
1969 6.625
1970 6.625
1971 6.625833
1972 6.635
1973 6.646758
1974 7.93
1975 8.57
1976 8.57
1977 8.57
1978 8.57
1979 8.57
1980 8.57
1981 21.763333
1982 37.406667
1983 41.094167
1984 44.532683
1985 50.5
1986 55.8
1987 62.77
1988 75.79
1989 81.11
1990 91.54
1991 122.43
1992 134.506333
1993 142.171667
1994 157.066667
1995 179.63
1996 207.71
1997 232.6
1998 257.19
1999 285.68
2000 308.19
2001 328.87
2002 359.82
2003 398.66
2004 437.93
2005 477.88
2006 511.25
2007 516.6155
2008 526.2356
2009 573.287957
2010 525.8295
2011 505.66424
2012 502.901462
2013 499.766833
2014 538.3172
2015 534.56577
2016 544.739367
2017 567.51309
2018 576.972501
2019 587.294596
2020 584.900855
2021 620.78472
2022 647.135818
Costa Rica | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Republic of Costa Rica
Records
63
Source