Current Account in Costa Rica

Costa Rica Current Account | Economic News & Forecasts

Costa Rica - Current Account

The economy appeared to lose its footing in the third quarter, after the second quarter’s year-on-year acceleration. According to the Central Bank’s monthly index, economic activity decelerated in the third quarter compared to the previous quarter, likely linked in part to large-scale protests. Meanwhile, union strikes against the landmark fiscal reform bill, which have been ongoing since September, have diminished in recent weeks. The bill, which includes changes to Costa Rica’s tax structures and limits on government spending, was deemed legally acceptable on 23 November by the constitutional branch of the Supreme Court, passed a final vote in the Legislative Assembly on 3 December, and was signed off by the president on the same day. The bill was considered as urgent given Costa Rica’s deteriorating fiscal position. The Central Bank recently said that the new measures would reduce the deficit and allow the government to stabilize its debt accumulation.

Costa Rica - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-5.4  -5.3  -3.8  -2.8  -3.2  

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Costa Rica Current Account Chart


Costa Rica Current Account
Note: Current account balance as % of GDP.
Source: Costa Rica Central Bank and Met the why particular calculations.

Costa Rica Facts

ValueChangeDate
Exchange Rate598.3-0.57 %Dec 11

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