Sunday 19 September 2021

Costa Rica Foreign Direct Investment Falls 21%

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QCOSTARICA – The slowdown in economic activity in 2014 was also reflected in the decline in foreign direct investment, which reached $2.106 billion, 21% less than in 2013.

From a report issued by the Central Bank of Costa Rica (BCCR):

In 2014, operations with the external sector showed an imbalance in the current account equivalent to 4.9% of GDP (5.0% in the previous year). Negative gaps in goods and income were partially offset by a surplus of services and current account transfers.

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The negative balance of trade for goods was less than that seen a year earlier, as a result of a reduction in the value of purchases of raw materials under special regimes. This is despite lower external sales by companies attached to these special trade regimes.

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