Trade Balance in Costa Rica

Costa Rica Trade Balance | Economic News & Forecasts

Costa Rica - Trade Balance

The economy appears set for a modest second quarter. Consumer confidence fell further into pessimistic territory in May, suggesting private spending will prove lackluster in the quarter. Moreover, merchandise exports barely eked out growth in April while imports plummeted, indicating gloomy domestic demand. On a brighter note, electricity generation, most of which comes from hydropower, hit a record high in May despite the prolonged dry spell caused by the El Niño effect that has hampered the agricultural sector this year. This all comes after limp annual economic activity growth in Q1—barely changed from Q4—due to a struggling agricultural sector. Nevertheless, the unemployment rate ticked down in Q1 from the previous quarter, while the government’s fiscal deficit was stable compared to the same quarter a year earlier.

Costa Rica - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-6.4  -6.4  -5.5  -5.4  -5.3  

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Costa Rica Trade Balance Chart

Costa Rica Trade
Note: Trade balance in (USD bn).
Source: Costa Rica Central Bank and Met the why particular calculations.

Costa Rica Facts

Exchange Rate585.8-0.57 %Jun 13

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