Exchange Rate in Costa Rica
Costa Rica - Exchange Rate
The economy lost its footing in the third quarter, with annual economic growth slowing to an over five-year low. The slowdown primarily came on the back of lackluster private and government consumption. Private consumption was weighed on by rising unemployment, a large decrease in consumer confidence and widespread protests in September related to the fiscal reform bill (which passed on 3 December). Government consumption stalled in the quarter, with no change observed compared to the same quarter a year earlier. On a brighter note, fixed investment growth held up well—although only because of a low base effect—and exports outpaced imports. The fourth quarter, meanwhile, began on an unconvincing note: Growth in economic activity slumped to a near five-year low in November, according to the Central Bank’s monthly index; consumer confidence deteriorated further in November and fiscal reform protests lasted until mid-December.Costa Rica - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 500.7 | 540.8 | 537.3 | 553.2 | 571.4 |
Costa Rica Exchange Rate Chart
Source: Thomson Reuters.
Costa Rica Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 602.0 | -0.57 % | Jan 14 |
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Economic News
Costa Rica: Economic activity growth slows in November for sixth month running
January 11, 2019
Working-day adjusted annual growth in economic activity slowed to 1.9% in November from 2.1% in October, representing the lowest growth rate since December 2013.
Costa Rica: Inflation slows in December
January 8, 2019
Consumer prices rose 0.21% in December compared to the previous month, down from 0.42% in November.
Costa Rica: Economic growth slows to an over five-year low in the third quarter
December 21, 2018
The economy grew at a substantially slower pace in the third quarter of 2018, according to the Central Bank.
Costa Rica: Landmark fiscal reform bill signed into law on 3 December, but skepticism lingers about sustainability
December 21, 2018
A long-awaited fiscal reform bill was passed by the Legislative Assembly after a second reading on 3 December, becoming law the following day.
Costa Rica: Economic activity growth slows in October for fifth month running
December 12, 2018
Annual working-day adjusted growth in economic activity slowed to 2.1% in October from 2.3% in September (previously reported: + 2.5% year-on-year).
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