Public Debt in Costa Rica

Costa Rica Public Debt | Economic News & Forecasts

Costa Rica - Public Debt

Economic growth slowed to a five-year low in 2018, according to preliminary data released in January by the Central Bank, due to weak consumption growth and sluggish fixed investment. Although GDP data for the fourth quarter will only be released on 29 March, the Central Bank’s monthly economic activity index has already shown a sharp growth slowdown in Q4. This was likely the consequence of widespread protests against new fiscal reform measures, which notably include the replacement of the old general sales tax with a VAT and compelled thousands of Costa Ricans to take to the streets between early-September and mid-December. The mining and quarrying; agriculture, forestry and fishing; and education and healthcare sectors were all particularly downbeat in Q4. Against this backdrop, the unemployment rate rose to a multi-year high in the quarter. More positively, the fiscal deficit narrowed slightly in 2018 compared to 2017.

Costa Rica - Public Debt Data

2013  2014  2015  2016  2017  
Public Debt (% of GDP)35.8  38.4  11.9  45.0  49.2  

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Exchange Rate608.9-0.57 %Feb 21

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