Costa Rica badly hit by worsening terms of trade

Costa Rica has been paying more for its imports in recent years while the prices of its exports have failed to keep pace.

Friday, July 18, 2008

Taking the year 2000 as a basis of 100, Costa Rica's terms of trade fell to 91.9 in 2004 and 84 last year, said Finance Minister Guillermo Zúñiga. "And if we measure it now, I'm sure the figure will be lower still," he added.
The only other countries in the region whose terms of trade have worsened more are the three poorest – Nicaragua, Haiti and Honduras – according to the United Nations Economic Commission for Latin America and the Caribbean.

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