Costa Rica Economic Activity April 2022

Costa Rica

Costa Rica: Economic activity records weakest reading since February 2021 in April

June 10, 2022

Economic activity increased 5.0% in April (March: +8.7%). April's figure marked the lowest reading since February 2021. Looking at the details of the release, the agriculture, forestry and fishing sector contracted at a more moderate pace in April, while the manufacturing sector rose at a weaker rate.

Meanwhile, annual average economic activity growth fell to 10.6% in April (March: +11.4%), pointing to a worsening trend.

FocusEconomics panelists see GDP expanding 3.5% in 2022, which is unchanged from last month’s forecast, and 3.1% in 2023.


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Costa Rica Economic Activity Chart

Costa Rica Economic Activity April 2022 2

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

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