Costa Rica's Economy to January 2011

Stock Market company, Aldesa, published its “Economic Situation in Costa Rica”.

Friday, January 21, 2011

Monthly Economic Activity Index
The most recent estimate in the Monthly Index of Economic Activity (MIEA) for the month of October shows an average variation of 4.7%, reflecting a significant weakening of the manufacturing sector which in turn is offset by the improved performance of sectors such as agriculture , trade and transport.
More... (Only in Spanish)

Interest Rates
Passive borrowing rate (TBP) was at 8%, after having started the year at 8.25% and with many variations between 6.75% and 8.50% during the year.
More... (Only in Spanish)

In 2010, inflation reached 5.8%, near the upper range of the 6% set by the BCCR for the year.
More ... (Only in Spanish)

Monetary Aggregates and Credit
The growth of total banking liquidity maintained was 6.0%, with an increase of liquidity in domestic currency of 13.3%. Most of this increase was over the last two months of the year because of injection of Colones into the banking system due to higher dollar purchases.
More... (Only in Spanish)

Fiscal Deficit
Government cash flow figures for November reveal a deficit of ¢ 98.000 million due to excess in costs over monthly income. Including interest payments, the monthly deficit raises to ¢ 116.000 million.
More... (Only in Spanish)

More on this topic

Honduras: Economic Situation - June 2015

August 2015

In the first half of the yer, economic activity grew by 3.6% over the same period in 2014, driven in part by the 9% increase in credit to the private sector.

From a statement issued by Banco Central de Honduras:

The Central Bank of Honduras (BCH) presents the "Performance of the Honduran economy for the first half of 2015," which details the most important economic events that occurred in that period.

Costa Rica: Fiscal Deficit Threatens Economic Stability

June 2011

Stable interest rates and a downward exchange rate have characterized the economy in recent months.

Although interest rates have remained low and there is still room for them to fall further, the growing fiscal deficit, which has forced the government to turn to the markets to raise funds to pay interest on the debt, is threatening this possibility.

Public Finances, the Weak Link of Costa Rica

January 2011

Aldesa analyzed the Macroeconomic Program 2011-12, by the Central Bank of Costa Rica, with projections for 2011.

In our view, one of the most important elements of the program and to which attention should be paid, has to do with projections for public finances.

Given the relative similarity of economic conditions between 2010 and 2011, the most important is the role played by the Central Government in managing the growing fiscal deficit.

Costa Rica Retains 5% Inflation Objective

July 2010

The Costa Rican Central Bank, in its half yearly review of the Macroeconomic Program, held inflationary goals for December 2010 and 2011 constant at 5% and 4% respectively.

The document's prologue indicates that:

"Monetary policy remains focussed on consolidating the deflationary trend observed in the last 19 months.

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