In the third quarter, GDP added 3.9% over the same period last year. The figure came in virtually unchanged from the 4.0% increase recorded in the second quarter (previously reported: +3.7% year-on-year). Total consumption remained unchanged from the 3.6% increase recorded in the second quarter while gross fixed investment contracted 1.2% over the same period last year, contrasting the 6.8% expansion recorded in the second quarter. However, inventories improved substantially, as businesses restocked their supplies. Exports decelerated while imports accelerated compared with the previous quarter. Exports of goods and services expanded 1.5%, down from the 4.4% expansion recorded in the second quarter, while imports increased 20.7% (Q2: +12.9% yoy). As a result, the net contribution from the external sector to overall growth deteriorated from minus 3.5 percentage points in the second quarter to a 8.4 percentage-point detraction in the third. At the sector level, the expansion was the result of a 5.0% growth in the services sector. On the other hand, the industrial sector registered a flat reading and the agricultural sector decelerated over the same period last year. The Central Bank estimates the economy to expand 4.3% this year and to grow 4.5% in 2012.
Costa Rica GDP
Economy remains robust in third quarter
January 3, 2011
Looking for forecasts related to GDP 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.