Imports in Costa Rica

Costa Rica Imports | Economic News & Forecasts

Costa Rica - Imports

Annual economic growth fell to a near one-decade low in the second quarter, as fixed investment shrank at the sharpest pace in two-and-a-half years amid business confidence slumping to the lowest level in eight-and-a-half years. Moreover, private consumption slowed, likely on an increase in the unemployment rate in the quarter, while government spending and export growth also moderated. On a brighter note, the economy is expected to have accelerated in the third quarter, as private consumption and fixed investment should have benefited from the Central Bank’s interest rate cuts. However, this acceleration is likely to have been modest given that both business and consumer confidence sank in the quarter; economic activity data for July hints at this dynamic, with annual growth accelerating slightly from June but remaining depressed nonetheless.

Costa Rica - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)15.1  15.6  14.7  15.2  15.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Costa Rica Facts

ValueChangeDate
Exchange Rate576.5-0.57 %Sep 04

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

  • Costa Rica: Central Bank again cuts rates in September

    September 18, 2019

    At its 18 September monetary policy meeting, the Central Bank of Costa Rica took market analysts by surprise and cut the policy interest rate to 3.75% from 4.00%.

    Read more

  • Costa Rica: The economy accelerates in July

    September 11, 2019

    Annual economic growth in cyclically-adjusted terms accelerated to 1.5% in July from June’s revised 1.3% (previously reported: +1.5% year-on-year), nevertheless, economic activity remained subdued by historical standards. Although economic growth ticked up in July, partly on strong activity growth in the ICT sector, it was still hampered by a continued decline in activity in the agriculture sector, which is struggling following a prolonged spell of dry weather, partly due to the El Niño effect.

    Read more

  • Costa Rica: Government proposes tightening the belt in 2020

    September 9, 2019

    On 30 August, the fiscally-strained government of Costa Rica presented to Congress its 2020 budget proposal, which outlines cutting spending by 4.3% compared to this year.

    Read more

  • Costa Rica: Inflation holds steady in August, while the Central Bank leaves rates unchanged on 21 August

    September 6, 2019

    Consumer prices fell 0.1% in August compared to the previous month, contrasting the 0.7% jump in July, which was a three-and-a-half year high and due to the introduction of an expanded VAT in the month.

    Read more

  • Costa Rica: The economy remains sluggish in June

    August 9, 2019

    Annual economic growth in cyclically-adjusted terms inched up to 1.5% in June from May’s revised 1.4% (previously reported: +1.3% year-on-year), which represented the weakest reading since December 2009. Growth remained historically subdued in June due to a continued decline in activity in the agriculture sector, which is struggling following a prolonged spell of dry weather, partly due to the El Niño effect.

    Read more

Search form