Costa Rican beach from above

Costa Rica Economic Activity March 2022

Costa Rica: Economic activity growth softens in March

Economic activity continued to lose steam in March, growing 6.8% in annual terms (February: +7.7% yoy) and marking the weakest expansion since February 2020. This figure came on the back of steeper contractions in agriculture, forestry and fishing, and mining and quarrying, compounded by a broad-based slowdown across all other sectors from the previous month.

On a monthly basis, economic activity contracted 0.7% in seasonally-adjusted terms in March, down from last month’s minus 0.1%. Meanwhile, the trend slightly weakened from February, with the annual average growth of economic activity coming in at plus 7.8%, down from the previous month’s plus 9.2% reading.

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