Friday 17 September 2021

Costa Rica Economy Slows Down For The Seventh Consecutive Month

The more than three month long national strike negatively impacted economic growth

Paying the bills

Latest

500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of...

Covid-19 contagion rate drops, but hospitals still under pressure

QCOSTARICA - The contagion rate of covid-19 once again...

More than 1.1 million vaccines against covid-19 have been received so far in September

QCOSTARICA - With the arrival of 157,950 doses of...

Chile reopens borders to visitors ahead of summer tourism season

Q24N - SANTIAGO (Reuters) - Chile announced plans to...

Chile among the 5 countries that are opening up and living with Covid

Q REPORTS - London (CNN) - More than 18...

Why buy a flat in Dubai

Investing and getting a good income is one of...

Today’s Vehicle Restriction September 17: Plates ending in “9 & 0” CANNOT circulate

QCOSTARICA - For today, Friday, September 17, vehicles with...
Paying the bills

Share

The Costa Rican economy slowed for the seventh month in a row, according to the most recent figures of the Índice Mensual de Actividad Económica (IMAE) – Monthly Index of Economic Activity -, as of last December.

According to data from the Banco Central (Central Bank), in December 2018 the majority of economic activities moderated their growth compared to the same month of the previous year, with a year-on-year variation of 1.8% in the general IMAE indicator (3.1% in December 2017).

The growth of the IMAE during the twelve months of 2018, compared to the previous twelve months was 2.7%.

- Advertisement -

The slowdown was mainly due to the contraction observed in:

  • Public education, due to the strike against the Tax Reform
  • The manufacture of the definitive regime, affected by the socio-political situation facing Nicaragua and the slowdown in domestic demand, and
  • The agricultural activity, by the decrease in the production of pineapple and coffee, as well as the low growth in banana.

In addition, the lower increase in commerical activity was due to a decrease in vehicle sales.

 

- Advertisement -
Paying the bills

Related Articles

500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of Independence Wednesday...

Covid-19 contagion rate drops, but hospitals still under pressure

QCOSTARICA - The contagion rate of covid-19 once again presented a...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.