Current Account in Costa Rica
Costa Rica - Current AccountThe economy appeared to find its legs in the second quarter of 2018, after annual growth slowed to an over four-year low in the first quarter. According to activity data released by the Central Bank, the construction sector’s recovery gathered pace through Q2, after it expanded in March for the first time in 11 months. Furthermore, strong readings from both the agriculture sector and the information and communications sector supported the economy in Q2. On a less positive note, on 31 August the finance minister announced a draft 2019 budget for the central government, which contained no increase in nominal expenditures, despite an expected rise in prices. Over 11% of the draft budget is allocated to debt repayments. This austere proposal reflects Costa Rica’s difficult fiscal position: The deficit reached a multi-decade high last year, while, from January to May this year, the accumulated shortfall grew to 2.6% of GDP, a near 0.4 percentage-point rise from the same period last year.
Costa Rica - Current Account Data
|Current Account (% of GDP)||-5.4||-5.3||-3.8||-2.8||-3.2|
5 years of economic forecasts for more than 30 economic indicators.
Costa Rica Current Account Chart
Source: Costa Rica Central Bank and Met the why particular calculations.
Costa Rica Facts
|Exchange Rate||577.4||-0.57 %||Sep 20|
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September 11, 2018
In July, annual growth in economic activity accelerated to 3.7% from a substantially-revised 3.6% in June (previously reported: +4.2% year-on-year).
August 11, 2018
In June, annual growth in economic activity accelerated to 4.2% from a revised 4.0% in May (previously reported: +4.4% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR).
August 8, 2018
Consumer prices rose 0.28% in July compared to the previous month, up from June’s 0.18% increase.
July 12, 2018
In May, annual growth in economic activity accelerated to 4.4% from a revised 4.0% expansion in April (previously reported: +2.8% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR).
July 6, 2018
Consumer prices rose 0.18% in June compared to the previous month, contrasting May’s 0.11% decrease.