The Index of the Volume of Economic Activity (IVAE) went up 1.97% from July 2007 to July 2008. The previous value, for July 2006 - 2007, had increased 5.19%.
This percentage serves to illustrate the tendency that the Gross Domestic Product (GDP), even though the annual growth is still not defined. "It is all part of the crisis that we are experiencing here and abroad," said Jorge Daboub, president of the Chamber of Trade and Industry.
The growth of the Costa Rica economy slowed in August to 3% in relation to the same period in 2007.
The Monthly Index of Economic Activity (IMAE), which measures the total production of goods and services, shows that the economy of Costa Rica continues to grow, but at a rhythm below the 8% with which it began the year, the Central Bank indicated.
In January 2013 the Monthly Indicator of Economic Activity recorded a variation of 3.3%, whereas last year it was 7.2%.
Monthly Indicator of Economic Activity (MIEA) published by the Central Bank of Costa Rica:
The country's economic activity, as measured by the cycle of the Monthly Indicator of Economic Activity (MIEA), showed a variation of 3.3% in January 2013, lower than a year earlier when production grew by 7.2% .
This is the second most affected sector of the crisis in 2008, behind construction, which fell for the second consecutive year.
Patricia Palma writes in Elsalvador.com: According to Mario Magaña, director of economic matters for the Chamber, the downward trend can continue being observed in the collection of taxes. "For example, the payment account of many business, that is 2% on sales, has been declining month to month.
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