Costa Rica Economic Activity

Costa Rica

Economic activity stabilizes in January

In January, economic activity increased 3.3% over the same month the previous year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure matched the revised increase in December (previously reported: +3.0% year-on-year). The expansion was mostly driven by growth in the manufacturing sector.

Compared to the previous month, economic activity added 0.53% in seasonally adjusted terms, below the 0.70% increase recorded in December.

According to the first draft of the Macroeconomic Programme 2013-2014, the Central Bank sees the economy expanding between 3.75% and 4.25% this year. FocusEconomics Consensus Forecast panellists see growth at 4.0% this year, which is down 0.1 percentage points from last month's projection. For 2014, participants see economic growth at 4.5%.


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Costa Rica Economic Activity Chart

Costa Rica Economic Activity January 2013

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Costa Rica Central Bank (BCCR) and FocusEconomics calculations.

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