In May, economic activity increased 4.1% over the same month the year before, according to the monthly index of economic activity (IMAE, indice Mensual de Actividad Economica). The reading was above the 3.9% expansion observed in April and marked the fastest pace since July 2010. The acceleration reflected an improvement in the manufacturing sector (April: +2.1% year-on-year; May: +2.6% yoy) and in the construction industry (April: +0.0% yoy; May: +0.8% yoy), which marked the first positive reading since the beginning of 2009. On a monthly basis, economic activity rose 0.23% in seasonally adjusted terms, which was below the 0.50% expansion recorded in April. However, the trend continues to point downwards, with annual average economic growth moderating from 3.6% in April to 3.5% in May. In the 19 July revision to the Macroeconomic Programme 2011-12, the Central Bank raised its economic growth estimates and now sees the economy expanding 4.5% this year, slightly faster than the previous 4.3%. For 2012, the Bank raised its forecast from 4.5% to 4.7%.
Costa Rica Economic Activity
Economic activity continues to improve in May
July 12, 2011
Looking for forecasts related to Economic Activity in Costa Rica? Download a sample report now.
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.