Costa Rica Economic Activity November 2019

Costa Rica

Costa Rica: Economic momentum gathers in November

January 10, 2020

Annual economic growth in cyclically-adjusted terms accelerated to 2.9% in November from 2.7% in October, representing a 16-month high. November’s improvement was due to stronger economic activity growth in the manufacturing, ICT and healthcare sectors.

In month-on-month terms adjusted for working days, economic activity rose 0.3% in November, down from October’s 0.4% increase. Annual average growth, meanwhile, accelerated to 1.8% in November from 1.7% in November, reaching a four-month high.

FocusEconomics Consensus Forecast panelists expect economic growth of 2.6% in 2020, which is unchanged from last month’s forecast, and 3.0% in 2021.

Author:, Economist

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Costa Rica Economic Activity Chart

Costa Rica Economic Activity November 2019

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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