Costa Rica Economic Activity

Costa Rica

Costa Rica: Economic activity accelerates in July

September 11, 2013

In July, economic activity increased 3.0% over the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure was above the revised 2.7% recorded in June, and marked the strongest expansion since December of last year. The monthly expansion was mostly driven by growth in the manufacturing sector.

Compared to the previous month, economic activity rose 0.29% in seasonally adjusted terms, following the revised 0.38% increase recorded in June (previously reported: 0.29% month-on-month). Despite the monthly increase, the trend continues to point downwards, with annual average growth in economic activity slowing from 2.8% in June to 2.7% in July.

According to the latest revision to the Macroeconomic Programme 2013-2014, the Central Bank sees the economy expanding 3.0% this year (previously reported: +4.0%) and 3.7% in 2014. FocusEconomics Consensus Forecast panellists see growth at 3.8% this year, which is down 0.1 percentage points from last month's projection. For 2014, participants see economic growth at 4.3%.


Author:,

Sample Report

Looking for forecasts related to Economic Activity in Costa Rica? Download a sample report now.

Download

Costa Rica Economic Activity Chart


Costa Rica Economic Activity July 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.


Costa Rica Economic News

  • Costa Rica: Economic activity growth hits an over two-year high in May

    July 12, 2018

    In May, annual growth in economic activity accelerated to 4.4% from a revised 4.0% expansion in April (previously reported: +2.8% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR).

    Read more

  • Costa Rica: Inflation ticks up in June

    July 6, 2018

    Consumer prices rose 0.18% in June compared to the previous month, contrasting May’s 0.11% decrease.

    Read more

  • Costa Rica: Economic growth slows in the first quarter

    June 29, 2018

    The economy grew at the slowest rate in three years in the first quarter of the year, according to GDP data released by the Central Bank on 29 June.

    Read more

  • Costa Rica: Inflation dips in May

    June 8, 2018

    Consumer prices fell 0.11% in May compared to the previous month, down from the 0.08% decrease recorded in April.

    Read more

  • Costa Rica: Economic activity decelerates in March

    May 11, 2018

    In March, annual growth in economic activity decelerated to 3.1% from an upwardly revised 3.2% expansion in February (previously reported: +3.0% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR). March’s slowdown in growth came amid a year-on-year contraction in the mining and quarrying sector and a stagnant construction sector.

    Read more

More news

Search form