Current Account in Costa Rica

Costa Rica Current Account | Economic News & Forecasts

Costa Rica - Current Account

Economic growth rebounded in the first quarter of 2019, after growth in Q4 2018 slowed to the lowest rate in nearly six years. The economic expansion at the outset of this year was supported by quicker private consumption growth, which benefited from a lower unemployment rate. Nonetheless, consumer spending growth was undoubtedly capped by consumer confidence in the quarter plunging to its most pessimistic level since September 2002. A slump in fixed investment and strong import growth, meanwhile, further detracted from GDP growth in Q1. Turning to the second quarter, the economic picture looks mixed so far. On the one hand, consumer confidence increased slightly in May, although consumers remained deeply pessimistic; on the other hand, economic activity growth fell to an over five-year low in April, weighed on by a struggling agriculture sector.

Costa Rica - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-4.9  -4.8  -3.5  -2.2  -3.0  

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Costa Rica Current Account Chart

Costa Rica Current Account
Note: Current account balance as % of GDP.
Source: Costa Rica Central Bank and FocusEconomics calculations.

Costa Rica Facts

Exchange Rate580.9-0.57 %Jul 11

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