Tuesday 11 May 2021

Costa Rica is the fifth country most affected by the tourism crisis, according to IMF

(QCOSTARICA) Costa Rica ranks fifth in the world in terms of tourism income, indicates the International Monetary Fund (IMF).

The imbalance between exports and imports of this sector indicates that the country has an effect of close to 3% of the Gross Domestic Product (GDP).

- Advertisement -

There are other countries more affected, such as Thailand and Greece, which stopped receiving income close to 6% of the GDP of their economy; Portugal, with margins higher than 4% and Morocco, whose loss is close to 4%.

It will take Costa Rica several years to recover pre-pandemic tourist traffic.

More: 12 States authorized for arrivals to Costa Rica in September

With the opening of borders, which it has gradually incorporated, it could recover between 25% and 30% of the traffic in 2019, according to the most optimistic projection made by Gustavo Segura, Minister of Tourism.

- Advertisement -

“This depends on the behavior of the pandemic in the country of origin of the tourist,” he added.

However, the recovery of the air sector could take, on average, between five and six years, so that until 2025 the region will see levels similar to those reported during 2019, according to estimates from the Air Transport Association of Latin America and the Caribbean.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Related Articles

“Recovery is not just about seeing planes arriving with tourists”

QCOSTARICA - The tourism sector continues to recover slowly, while many...


These are the sanitary measures that will be applied from today, May 10

NOTE: Monday afternoon the government announced changes in the vehicle restrictions that take effect Tuesday, May 11 and capacities (aforos) starting May 13 and...

Colombia’s Protests Against President Duque Explained

QCOLOMBIA – Nineteen people have died and hundreds more have been injured in protests in Colombia against President Iván Duque Márquez’s tax bill, aimed...

Will the new wave of COVID-19 infection threaten Costa Rica tourist recovery?

QCOSTARICA - Will the current wave of covid-19 infections cost Costa Rica's recovery of its already battered tourism? Will the wave of infections and scarcity...

Customs to hold electronic auctions to sell unclaimed products

QCOSTARICA - The National Customs Service (Aduanas) will carry out the first electronic auctions of unclaimed merchandise through the Sistema Integrado de Compras Públicas...

Can scientists predict all of the ways the coronavirus will evolve?

Late last year, three distinct and fast-spreading coronavirus variants were observed in the UK, South Africa and Brazil. More recently, variants in India, the...

Maikol Yordan is no longer lost, he’s on Amazon Prime Video

Q MAGAZINE - The Costa Rican movies "Maikol Yordan de Viaje Perdido" and "Maikol Yordan 2 La Cura Lejana", joined the catalog of the...

Canada approves BioNTech-Pfizer vaccine for young teens

QCOVID DIGEST - Canada's health regulator has authorized the Pfizer/BionTech coronavirus vaccine for children between 12 and 15 years old. Dr. Supriya Sharma, the...

Rainy season official commenced in the Central Valley this week

QCOSTARICA - If you have been putting, resisting to give in, to carry an umbrella, take note:  the rainy season of the Central Valley...

A Few More Ways to Convince Hesitant Friends and Family to Get Their Vax

VICE.com - As the New York Times reported Monday morning, public health experts are worried that the elusive concept of reaching COVID-19 herd immunity...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.