In the first quarter of the year, household final consumption and private construction investment accounted for most of the annualized 3.4% increase in GDP.
In the first quarter of 2017, economic activity, measured by the cycle trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.4%, mainly reflecting higher final household consumption expenditure and to a lower extent, an increase in investment in private construction, since external demand showed a moderation in its growth.
On the other hand, according to the balance of payments, the country recorded, from January to March, a net indebtedness with the rest of the world equivalent to 0.5% of the annual GDP of 2017, which was financed with long-term external savings flows; particularly direct investment.However, the lower net income from other capital led to a reduction in reserve assets of US $88 million.
As a result of an increase in investment in new constructions and in the final consumption of households, GDP increased 3.3% year-on-year in the second quarter of the year.
During the second quarter of 2018, the economic activity volume, measured with the trend of the Gross Domestic Product (GDP) cycle, increased at an annualized rate of 3.6%, mainly as a result of an increase in investment in new buildings and final consumption of households. In the year-on-year comparison, production registered a growth of 3.3%, according to the Central Bank of Costa Rica.
Explained by the performance of private consumption and gross investment, during the first three months of the year the Gross Domestic Product registered an increase of 3.4%.
The Central Reserve Bank reported that "... During the first quarter of the year, the Salvadoran economy grew at a rate of 3.4% due to a significant boost in domestic demand favored by higher private consumption and gross investment, while external demand benefited from thegood performance of the global economy, mainly from the United States and the region's main trading partners."
The increase reported at the end of the fourth quarter of 2017 is mainly explained by higher spending on final household consumption and higher gross capital formation.
From a report by the Central Bank of Costa Rica:
In the fourth quarter of 2017, economic activity, measured by the trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.2%, in response, mainly, to higher spending on final household consumption and in gross capital formation. In the year-on-year comparison, production registered a growth of 3.1%.
In the fourth quarter of 2016 GDP grew at an annualized rate of 3.6%, reflecting increased external demand and a relatively stable domestic demand.
From the report "Evolution of real GDP and balance of payments," by the Central Bank:
In the fourth quarter of 2016 economic activity, measured with the trend cycle of gross domestic product (GDP), grew at an annualized rate of 3.6%, reflecting stronger external demand and the positive contribution by final consumption of both households and the government.
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