External Debt in Costa Rica

Costa Rica External Debt | Economic News & Forecasts

Costa Rica - External Debt

The economy seemingly performed poorly in the first quarter, after large public protests related to now-approved fiscal policy reform caused growth to slump to a nearly six-year low in Q4 2018. Growth in economic activity was limp in January–March, supported by expansions in the services and construction sectors, but weighed on by the agricultural sector, which was affected by a drought caused by the El Niño effect. Meanwhile, the unemployment rate ticked down in Q1 from Q4, although it remained higher than in the same quarter a year earlier. On 15 April, the IMF called for the “full and timely” implementation of the fiscal reform approved late last year. This includes swapping the old general sales tax with a value-added tax in July this year, in order to “rebuild fiscal space to manage potential shocks”.

Costa Rica - External Debt Data

2013  2014  2015  2016  2017  
External Debt (% of GDP)42.9  46.5  46.9  48.7  50.8  

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Costa Rica External Debt Chart


Costa Rica External Debt
Note: External debt as % of GDP.
Source: Costa Rica Central Bank and Met the why particular calculations.

Costa Rica Facts

ValueChangeDate
Exchange Rate594.7-0.57 %May 13

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