International Reserves in Costa Rica

Costa Rica International Reserves | Economic News & Forecasts

Costa Rica - International Reserves

The economy likely regained traction in the third quarter, after growth slowed to a near one-decade low in Q2. Economic activity growth accelerated in September for the third consecutive month, likely in part on a small reduction in the unemployment rate from the previous month. However, despite the five separate interest rate cuts made by the Central Bank in the first nine months of the year, bank lending decreased in Q3 for the first time in nine years amid a slump in business and consumer confidence in the quarter. Moreover, the new VAT introduced in July will have further suppressed the economy in Q3. Turning to the fourth quarter, growth should gain further steam, as suggested by an uptick in consumer confidence in the quarter. Furthermore, recent interest rate cuts should gradually support bank lending, benefiting private consumption and fixed investment.

Costa Rica - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)7.3  7.2  7.8  7.6  7.1  

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Costa Rica International Reserves Chart

Costa Rica International Reserves
Note: International reserves in months of imports.
Source: Costa Rica Central Bank and FocusEconomics calculations.

Costa Rica Facts

Exchange Rate568.9-0.57 %Nov 21

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