Costa Rica: Quarterly GDP Up 3.4%

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.

Wednesday, July 5, 2017

From a report by the Central Bank of Costa Rica:
 
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.
 
See full report by the Central Bank (In Spanish)



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