Wednesday 8 February 2023

Slight Improvement in Economic Activity in Costa Rica

Paying the bills

Latest

Chaves on the Chinese balloon: “We hope it does not happen again”

QCOSTARICA - President, Rodrigo Chaves, reacted this Tuesday to...

Dollar exchange rose again this week

QCOSTARICA - To the relief of many, and not...

US announces more security support for Costa Rica for the fight against drugs

QCOSTARICA - The United States announced on Tuesday the...

China says Latin American countries ‘understand’ ‘spy balloon’ situation

Q REPORTS (EFE) The Chinese government affirmed that the...

These are the new reforms of the Simplified Tax Regime in Costa Rica

QCOSTARICA - On March 1, 2023, the new reforms...

El Salvador has the lowest homicide rate in all of the Americas, even below Canada?

Q24N (EFE) The President of El Salvador, Nayib Bukele,...

China apologizes to Costa Rica for balloon flyover

QCOSTARICA - You have most likely heard about the...

Dollar Exchange

¢577.12 Buy

¢586.15 Sell

8 February 2023 - At The Banks - BCCR

Paying the bills

Share

After registering a 1.3% year-on-year variation in June, the Indice Mensual de Actividad Economica (IMAE) – Monthly Economic Activity Index – in July reached 1.5%, which is mainly explained by the performance of the special regimes manufacturing sector.

After the first seven months of the year, average growth stood at 1.5%, while the average rate of the last twelve months was 1.8%, both lower than that recorded in the same period last year, reported the Central Bank of Costa Rica (BCCR).

The document notes that “… the speed at which the economy has been slowing year-on-year is the lowest in the last four months. Evolution that matches the behavior of the number of insured registered by the Costa Rican Social Security, which grew 0.1% in July, after decreasing 0.4% in the second quarter of 2019.

- Advertisement -

Because of their relative importance in the economy (90% participation), the companies of the definitive regime are the ones that explain the deceleration of the general indicator. This group presented a 0.2% growth.

The decrease in new commercial and residential buildings, which influenced the lower demand for building materials (cement, glass, earthenware and iron products), freight transport services, engineering and architecture.”

See full report (in Spanish)

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

Related Articles

Dollar increased ¢14 in four days

QCOSTARICA - And we're back to the rollest coaster dollar exchange....

Central Bank intervenes propping up the dollar exchange

QCOSTARICA - The dollar exchange rose slightly, one colon, on Tuesday...

Subscribe to our stories

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