Costa Rican beach from above

Costa Rica Economic Activity August 2018

Costa Rica: Economic activity growth creeps up in August

In August, annual growth in economic activity inched up to 3.8% from 3.7% in July. This is according to a monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR) that is adjusted for working days. August’s reading represented the highest growth rate since December 2016.

The acceleration in August came on the back of a nearly broad-based increase in economic activity. The only sector that did not achieve growth in annual terms was the mining and quarrying sector. The fastest growing economic activities in August were construction, information and communications, and agriculture.

In month-on-month terms when adjusted for working days, economic activity growth remained steady at July’s 0.3% in August. Meanwhile, year-on-year annual average growth ticked up to 3.2% in August from 3.1% in July.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest