Costa Rica Economic Outlook
October 11, 2016Costa Rica’s economy expanded at another robust rate in Q2 despite decelerating. GDP growth was 4.1% in Q2, compared to the previous quarter’s 4.5% increase. The healthy reading was mainly driven by solid private consumption and robust public spending, which more than offset the poorer performance of the external sector and an almost flat reading for fixed investment. In the third quarter, July’s economic activity slowed down slightly from June’s over-four-year high, but it still expanded at a very fast pace. The economy is performing reasonably well despite the longstanding weakness of the government. A recent survey published by Consulta Mitofsky—a Mexican consulting firm—sees Costa Rica’s President Luis Guillermo Solís as the least popular president of the entire American continent, with only a 10% approval rate.
Costa Rica Economy Data
5 years of Costa Rica economic forecasts for more than 30 economic indicators.
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Costa Rica Facts
|Exchange Rate||553.8||0.27 %||Oct 19|
Costa Rica Economic Growth
October 11, 2016Strong household consumption will continue to support Costa Rica’s economic growth, though this will also be constrained by a feeble external sector and weak public finances. Analysts surveyed by FocusEconomics expect the economy to expand 3.9% in 2016, which is up 0.1 percentage points from last month’s projection. For 2017, the panel also expects GDP growth will be stable at 3.9%.
Costa Rica Economic News
October 12, 2016
In August, economic activity slowed down slightly to a 4.5% increase from the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica).
October 10, 2016
Consumer prices fell 0.47% in September from the previous month, which contrasted August’s 0.03% increase and marked the lowest reading since March 2016.
October 3, 2016
In the second quarter of 2016, GDP expanded 4.1% over the same period last year.
September 12, 2016
In July, economic activity slowed down slightly to a 5.1% increase over the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica).
September 7, 2016
Consumer prices increased 0.03% over the previous month in August, which was a significant slowdown compared to July’s 0.93% increase.