Increased Spending Levels in Costa Rican Households

Over the last quarter of 2010, the level of expenditure was the highest recorded for a new year since 1991.

Friday, April 1, 2011

During the period expenditures on goods and services of Costa Rican households rose by 4.5% over the same period of 2009 (not counting inflation).

"Elvia Campos, in charge of this indicator at the Central Bank, had explained that part of the increase in trade was due to higher sales in vehicles, electrical appliances, like cell phones and televisions, especially flat-screens, as well as milling products and bread," reported Nacion.com.



More on this topic

Costa Rica: Quarterly GDP Up 3.4%

July 2017

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.

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.

Guatemala: From April to June, GDP Grew 4.3%

October 2013

For the second quarter of 2013, economic activity as measured by the estimated real level of GDP grew by almost twice that of the same period last year ..

A report on the estimate of quarterly GDP, for the second quarter of 2013 has been published by the Bank of Guatemala:

Costa Rica: Household Spending Continues to Grow

October 2011

Between January and July the Gross Domestic Product (GDP) grew by 3.8% compared to the same period in 2010.

According to a report by Aldesa :

In terms of components, final household spending remains strong, growing by 4.8% in the indicated period and keeping in line with the expectations of the Central Bank of Costa Rica (BCCR), which estimates that domestic demand this year will be main driver of economic activity.

Costa Rican GDP Down 2.3%

September 2009

In the second quarter of 2009, the country's Gross Domestic Product dropped 2.3% when compared to the same period of 2008.

The most affected sectors were industry, commerce, restaurants and hotels, and construction.

"GDP fell 2.3% in the second quarter when compared to last year, while it had dropped 0.8% in the first quarter", reported Elfinancierocr.com.

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