From a communication from 'Market Pulse' a Blog by Aldesa:

The rate of growth of economic activity in Costa Rica continues to decline and the national economy for August shows a yearly expansion of 2.8%. July growth was revised downwards from 3.4% to 3.1%.

The increase observed in August (2.8%) is the weakest since April 2013 (2.4) and on both occasions the sector losing growth is Manufacturing.

More on this topic

Risks of a Declining Economy

November 2018

The State of the Nation 2018 Report explains that during 2017 and the first months of 2018 the progress of Costa Rica's economy has been adverse and, in the short term, the prospects for economic opportunities, solvency and stability are negative.

Most of the drivers of Costa Rica's economy have declined in recent months, resulting in Costa Rica going through a period of multiple economic and political risks.

Costa Rica: Economy Continues to Lose Strength

July 2015

With a meager 1.1% growth in economic activity in April, there has now been a total of thirteen consecutive months of economic slowdown.

From a statement issued by the Central Bank of Costa Rica:

In April 2015, domestic production, measured by the numerical trends in the Monthly Economic Activity Index (IMAE), showed a variation of 1.1% (average rate of 1.7%); lower than that observed in the same period last year (4.1%) and than the average rate for 2014 (3.8%). Like the previous month, most industries showed slower growth in productivity and, in particular, manufacturing and agriculture, with a combined weight of 36.2% in the general index, posted declines of 3.3% and 3 , 0%, respectively. To a lesser extent, there was a drop in production of electricity and water (with a weight of 3.0%), which had performed positively the previous year.

Costa Rica’s Economy Slowing Down

December 2012

Indicators show a loss of dynamism in the Costa Rican economy, which fell from a year on year growth of 7.2% in February, to 2.39% in October.

The editorial in Nacion.com notes the risks posed for next year, 2013, for Costa Rica's economy, if the symptoms which have been noticed deepen, either because of global economic vicissitudes, or from lack response from the government or private economic participants.

Guatemala: Modest growth anticipated for 2008

August 2008

The Association for Investigation and Social Studies (ASIES) carried out a moderate study of the local economy.

ASIES analyst, Carlos Gonzalez, pointed out that the unfavorable external climate resulting from the financial crisis, and the high price of oil and food - that started in 2006 and worsened in 2007, began to affect production activities during first semester of this year.