Costa Rica Economic Activity September 2022

Costa Rica

Costa Rica: Economic activity growth falls to over one-year low in September

November 11, 2022

Economic activity grew 1.7% in September (August: +4.4%). September's result marked the worst reading since February 2021. September's notable deterioration came on the back of slowdowns in mining, manufacturing, transport and hospitality as well as a steeper contraction in construction.

Meanwhile, annual average economic activity growth fell to 6.3% in September (August: +7.1%), pointing to a worsening trend.

FocusEconomics panelists see GDP expanding 2.7% in 2023, which is down 0.1 percentage points from last month’s forecast, and 3.2% in 2024.

Author:, Junior Economist

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