Acervo de capital neto para Costa Rica: Proceso de compilación y resultados obtenidos

Abstract

The estimation of fixed capital stock and consumption of fixed capital continues to pose challenges for many countries due to the limited availability of asset prices, depreciation profiles, and information on service lives. To address these constraints and to strengthen the measurement of net value added, income, and saving, the Data Analysis and Statistics Division of the Central Bank of Costa Rica conducted a methodological review of the compilation practices for non‑financial asset balances. This effort extended the national sequence of accounts for the 2022 reference year and introduced improvements consistent with a geometric approach to the measurement of consumption of fixed capital. The study applies the Perpetual Inventory Method for each category of non‑financial assets defined in the System of National Accounts, with specific adjustments for dwellings and cultivated biological resources. Service lives were determined based on official depreciation rates issued by the Ministry of Finance and empirical evidence from the Central Bank’s Survey on Investment and Sales of Non‑Financial Fixed Capital. The analysis also provides an economy‑wide consistency assessment across asset types and institutional sectors. The methodological approach follows the standards set out in the OECD Capital Measurement Manual 2009 and the System of National Accounts 2025.