Costa Rica: 2015-2016 Macroeconomic Program

The Central Bank has set the inflation target at 3% for 2016-2017. The projection of real GDP growth for 2016 is 4.2% and 4.5% in 2017.

Wednesday, January 6, 2016

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

This program contains an analysis of the macroeconomic situation in 2015 and the objectives, policy measures and macroeconomic projections for the next 24 months.

In 2015, the macroeconomic situation of the country evolved in an international context characterized by:
i) a moderate but uneven growth across countries and regions;
ii) low inflation, due to lower international prices of raw materials;
iii) expansionary monetary policies and
iv) Financial markets with episodes of high volatility.

Read full report (in spanish).

More on this topic

Costa Rica: GDP Could Grow 4.1% in 2017-18

January 2017

By 2017 the Central Bank forecasts inflation of between 2% and 4% and an annual growth rate of 4.1% in gross domestic product in the 2017-18 biennium.

From the report "Macroeconomic Program 2017-2018" by the Central Bank:

For the 2017-2018 biennium, in an expected context of moderate growth in our main trading partners, a gradual return to normal international liquidity and ordered increases in the international price of basic commodities, the macroeconomic projections include the following:

Honduras' Macroeconomic Program 2016-17

February 2016

Economic growth will range between 3.3% and 3.7% in 2016, led by banking, communications, agriculture, manufacturing, and recovery in the construction sector.

From a statement issued by the Central Bank:

The Board of the Central Bank of Honduras (BCH) in fulfilling its tasks, on February 17, 2016 by Resolution No.56-2 / 2016, approved the 2016-2017 Monetary Programme, which contains guidelines and policy actions, related to credit and exchange in the country, to be implemented in this biennium, based on the recent national macroeconomic performance and behavior and outlook for the world economy.

Honduras seen by the IMF in March 2015

March 2015

The organization states that the country has advanced in the process of economic stabilization and has exceeded the quantitative targets set for December 2014, also meeting the benchmarks set for March 2015.

From a press release issued by the International Monetary Fund (IMF):

Costa Rica: Macroeconomic Program 2015-2016  

February 2015

If one thing the current authorities of the Central Bank have stated clear is the concern about the stability of all macroeconomic variables, starting with the exchange rate.  

From analysis given in a blog by Aldesa, Pulso Bursatil:

Since the review of the Macroeconomic Program 2013, where the Central Bank of Costa Rica (BCCR) decided to remove the controversial cap on credit growth, a document of this type has not been presented, with so many changes and announcements of importance to the Costa Rican economy, as presented on Saturday.

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