Since the calculation of the Monthly Index of Economic Activity (IMAE) series began in 1991, the average annual gross production, measured by the IMAE, has only fallen on two occasions, specifically in 2009 and 2020. Both cases coincide with world crises, but the impact has been much more severe for Costa Rica in the case of 2020, according to an official report.

Check out the "System for monitoring markets and the economic situation in Central American countries", prepared by CentralAmericaData.

According to the Central Bank of Costa Rica (BCCR), "... data for the fourth quarter of 2020 indicate that the national economy continues to recover. Thus, the annualized quarterly growth of the seasonally adjusted series registered a 11.1% variation. In addition, December 2020 recorded the highest level of production since the beginning of the pandemic."

In December 2020, manufacturing and business and computer services increased their output on a year-on-year basis. In contrast, the rest of the economic activities decreased their level of activity, reported the BCCR.

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The country's production, measured through the Monthly Index of Economic Activity (IMAE), registered a 2.9% year-on-year growth in November, the highest since July 2018, reported the Central Bank of Costa Rica (BCCR).