Economic Activity Falls by 4.5% in Costa Rica

The indicator of economic activity has fallen 4 months in a row, registering a drop of 4.5% in January.

Monday, March 16, 2009

The Index of Economic Activity is published by the Central Bank of Costa Rica and measures the monthly evolution in the country's production.

According to an article published in, the most affected sectors were manufacturing and hotels: "The manufacturing industry fell by 17.5% while hotels fell by 8.9%. They were followed by farming with a 4% decrease and commerce with a 1.7% decrease. On the other side, the sectors that maintained a robust growth were business services (11%) and financial services (5.4%)."

More on this topic

Economic Activity in Costa Rica Slows

January 2011

Economic activity measured by IMAE showed a slight increase in November 2010, growing at an annual rate of 1.9%.

Although, extending comparison periods shows a slowdown compared to the annual growth in July, August and September, when the indicator showed 4.3%, 4.1% and 3.1% respectively.

Costa Rica: Economic Activity Could be Better

December 2010

The Monthly Economic Activity Index, which reflects the performance of the economy, showed minimal growth during October.

Its value from the previous month increased 0.07 percentage points. In turn, the annual change (October 2009 - October 2010) shows the weakest growth this year, 2.9%.

Costa Rica: Economic Slowdown Continues

August 2010

The Monthly Index of Economic Activity (IMAE) shows growth of 2.96% to June, the fourth consecutive month in which year-on-year growth has slowed.

From the maximum year-on-year rate of 6.09% reached in February, the pace of Costa Rica's growth has slipped by around 51.4% to 2.96% in June, completing a somewhat bleak quarter.

Costa Rica: Smaller Drop in Economic Activity

June 2009

In the month of April, IMAE reported a drop of 4.9%, which reflects less deceleration than that observed in the months of February and March.

With the data from the month of April, there has now been seven months of negative growth.

Édgar Delgado in his article in writes: "Upon reviewing the figures from the economic sector, it is observed that the fall continues to be significant for hotels (-21.1%), the manufacturing industry (-13.6%), agriculture (-6.6%), construction (-5.8%), commerce (-5.5%) and electricity and water (-3.1%)."

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