Monday 27 September 2021

Costa Rica GDP Up 3.2% in 2017

Paying the bills


Mexico reveals why it rejects tourists from Costa Rica

QCOSTARICA - Mexico has been one of the favorite...

Bianca, Mick Jagger’s first wife: “Nicaraguan by grace of God”

QCOSTARICA - Bianca Jagger, who was the first wife...

Train Yourself to Stay Calm Under Pressure

Do you know anyone who handles stress really well?...

Alunasa, a Venezuelan state company in Costa Rica, leaves employees without salary

QCOSTARICA - The Venezuela state-owned company operating in Costa...

In Venezuela there is food, but expensive

Q24N - The Venezuelan economy has begun to reactivate....

Today’s Vehicle Restriction September 27: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 27, vehicles with...

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...
Paying the bills


The increase reported at the end of the fourth quarter of 2017 is mainly explained by higher spending on final household consumption and higher gross capital formation.

From a report by the Central Bank of Costa Rica:

In the fourth quarter of 2017, economic activity, measured by the trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.2%, in response, mainly, to higher spending on final household consumption and in gross capital formation. In the year-on-year comparison, production registered a growth of 3.1%.

- Advertisement -

For its part, according to the balance of payments, the country presented a current account deficit equivalent to 0.9% of GDP in 2017, which was financed with long-term external savings (direct investment and public sector debt); In addition, the greater availability of currencies that the economy seasonally presents at the end of each year allowed the Central Bank to accumulate reserve assets for USD 264 million.

Economic activity in the fourth quarter increased by 3.2% (annualized quarterly variation), as a result of higher spending on private consumption and gross fixed investment. The final consumption of households grew by 2.6%, this result although positive is lower than the average variation of 2016, which is consistent with the results of the Consumer Confidence Survey and with the behavior of real disposable income and in bank financing directed towards consumer credit.

See full document (in Spanish).

Source (in Spanish):

- Advertisement -
Paying the bills
Q Costa Rica
Reports by QCR staff

Related Articles

Costa Ricans lose hope of a low dollar

QCOSTARICA - In December, Costa Ricans expected the dollar exchange rate...

TSE rules out political party donations in cryptocurrencies

QCOSTARICA - The Tribunal Supremo de Elecciones (TSE) - Supreme Elections...

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.