Costa Rica's economy slows down - CentralAmericaData :: The Regional Business Portal

Costa Rica's economy slows down

Production continued to slow down in September affecting company sales, new hires and employment.

Wednesday, November 12, 2008

In September the monthly index of economic activity, which reflects variations in the physical number of goods and services produced in the country, barely increased 1.8%, as compared to September of last year.

This is the smallest increase since February 2002 and reinforces this downward trend.

More on this topic

Costa Rica's Economic Activity Slows Down

March 2013

In January 2013 the Monthly Indicator of Economic Activity recorded a variation of 3.3%, whereas last year it was 7.2%.

Monthly Indicator of Economic Activity (MIEA) published by the Central Bank of Costa Rica:

The country's economic activity, as measured by the cycle of the Monthly Indicator of Economic Activity (MIEA), showed a variation of 3.3% in January 2013, lower than a year earlier when production grew by 7.2% .

Costa Rica: Inflation Not Caused by Growth

November 2010

The variation of IMAE in September was 3.08%, highlighting the slowdown trend observed since February.

February was the month which recorded the highest figure of the year: 6.30%.

However, this indicator has been declining significantly and is converging to the values observed (3.08%) since June of this year, indicating a significant stabilization.

Economy slows down in Costa Rica

October 2008

The growth of the Costa Rica economy slowed in August to 3% in relation to the same period in 2007.

The Monthly Index of Economic Activity (IMAE), which measures the total production of goods and services, shows that the economy of Costa Rica continues to grow, but at a rhythm below the 8% with which it began the year, the Central Bank indicated.

Production drops in Costa Rica

August 2008

Production barely grew by 2.6% in comparison to the same month last year, the Central Bank indicated yesterday.

This is the lowest interannual growth (for each month in comparison to the same month in the previous year) that has been recorded since March 2002; this confirms a slow-down that started last year.

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