In January, economic activity increased 3.1% over the same month last year according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure was below the 3.3% expansion recorded in December. In January, seven of the twelve components of the index registered improvements, with other business services and construction recording the largest rates of expansion. Manufacturing, however, decelerated for the fourth consecutive month thus holding back an overall improvement in the index. Compared to the previous month, economic activity rose 0.01% in seasonally-adjusted terms, marking a slightly higher reading than the 0.05% contraction recorded in December. Meanwhile, annual average growth in economic activity remained at December's 3.5%. According to the latest revision of the Macroeconomic Programme 2014-2015, the Central Bank expects the economy to have expanded 3.5% in 2013 and projects a 3.8% expansion in 2014. FocusEconomics Consensus Forecast panelists see growth at 3.9% this year, which is up 0.1 percentage points from last month's projection. For 2015, participants see economic growth at 4.1%.
Costa Rica Economic Activity
Economic activity decelerates further in January
March 14, 2014
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Costa Rica Economic Activity Chart
Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Costa Rica Central Bank (BCCR) and FocusEconomics calculations.
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.