Current Account in Costa Rica

Costa Rica Current Account | Economic News & Forecasts

Costa Rica - Current Account

So far in 2018, the economy has performed modestly. Economic activity grew just under 3% in the first four months of the year—in large part due to greater activity in the services sector—and the large fiscal deficit has remained a pressing concern. President Carlos Alvarado, who was sworn in last month, has promised to bring down the fiscal deficit from last year’s record high of over 6%. On 30 May, the finance minister announced a plan to help control government spending, including measures to contain the public wage bill. Although the plan will have only a small impact on the fiscal deficit, it represents the administration’s willingness to make difficult political decisions. In addition, the measures should help ease the passage of a long-awaited bill through the Legislative Assembly which is aimed at increasing government revenue.

Costa Rica - Current Account Data

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

Sample Report

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

Download

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 Rate567.2-0.57 %Jun 19
Exchange Rate567.2-0.57 %Jun 19

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free 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: Inflation dips in May

    June 8, 2018

    Consumer prices fell 0.11% in May compared to the previous month, down from the 0.08% decrease recorded in April.

    Read more

  • Costa Rica: Economic activity decelerates in March

    May 11, 2018

    In March, annual growth in economic activity decelerated to 3.1% from an upwardly revised 3.2% expansion in February (previously reported: +3.0% 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). March’s slowdown in growth came amid a year-on-year contraction in the mining and quarrying sector and a stagnant construction sector.

    Read more

  • Costa Rica: Inflation decelerates in April

    May 9, 2018

    Consumer prices fell 0.08% in April compared to the previous month, more than the 0.03% decrease recorded in March.

    Read more

  • Costa Rica: Economic activity decelerates in February

    April 11, 2018

    In February, year-on-year growth in economic activity decelerated to 3.0% from a 3.1% expansion in January, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR) on 11 April. February’s weaker result was driven by a slower expansion in transportation and storage activity compared to January, alongside weaker growth in the activity groups of professional services, finance and insurance, and mining and quarrying.

    Read more

  • Costa Rica: Inflation accelerates in March

    April 6, 2018

    Consumer prices fell 0.03% in March compared to the previous month, contrasting a 0.21% month-on-month increase in February.

    Read more

Search form