International Reserves in Costa Rica
Costa Rica - International ReservesAfter GDP grew at the fastest rate in 23 years in Q2, high-frequency indicators hint at a continued recovery though the third quarter. Economic activity grew at a strong pace in July–August, gaining steam from Q2’s average amid a surge in the construction sector. Moreover, both merchandise exports and imports grew at faster rates on average in July–September compared to Q2. Turning to Q4, thanks to a swift vaccination campaign and a dramatic fall in the number of new Covid-19 cases, authorities recently opted to ease mobility-related restrictions from 1 November and business-related restrictions from 1 December. Among the most important changes, businesses that require proof of vaccination may begin to operate at full capacity. Regardless, starting from 8 January 2022, all firms must require vaccine certificates.
Costa Rica - International Reserves Data
|International Reserves (USD)||7.8||7.6||7.1||7.5||8.9|
5 years of economic forecasts for more than 30 economic indicators.
Costa Rica International Reserves Chart
Source: Costa Rica Central Bank and FocusEconomics calculations.
Costa Rica Facts
|Exchange Rate||571.0||-0.57 %||Jan 01|
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November 11, 2021
Economic activity rose 11.5% terms in September, which was a deterioration from August's 11.9% increase.
November 5, 2021
Consumer prices rose 0.49% in October over the previous month, moderating from September's 0.63% rise.
October 26, 2021
At its meeting held on 25 October, the Central Bank of Costa Rica (BCCR) kept the monetary policy rate unchanged at its record low of 0.75%—where it has been since June 2020.
October 11, 2021
The economic rebound waned marginally in August, with activity rising 11.6% in annual terms, following July’s 11.7% increase which had marked the strongest growth in 29 years.
September 30, 2021
GDP rebounded at the quickest pace in over 23 years in the second quarter of 2021 (Q2: +9.4% yoy; Q1: -2.1% yoy), according to rebased national accounts data, with the new base year referring to 2017 prices.