Monday November 19 2018
Costa Rica Government Budget Value at -1296692.50 CRC Million


Costa Rica recorded a government budget deficit of 1296692.50 CRC Million in August of 2018.





Monday November 19 2018
Costa Rica IMAE at 0.40 percent


The economy of Costa Rica grew 0.4 percent year-on-year in September 2018, after a downwardly revised 3.8 percent growth in the previous month. It is the slowest growth since December 2013, affected by general union strikes which began in early September against the fiscal reform plan discussed at first in Legislative Assembly. The reform includes going from a 13% sale tax to a 13% vat (value added) tax and eliminating salary pluses received by public employees. Weaker growth was seen in: construction (15.6% vs 20.3% in August); transport & storage (2.6% vs 3.5%); restaurants & hotels (2.0% vs 3.2%) and professional, scientific and administrative activities (0.8% vs 1.9%). In addition, output shrank in: manufacturing (-2.8% vs 3.7%); mining (-0.7% vs 3.3%); internal trade (-1.4% vs 1.0%); public administration (-5.9% vs 3.6%) and agriculture (-4.9% vs -1.9%).





Monday November 19 2018
Costa Rica GDP Annual Growth Rate at 3.60 percent


Costa Rica's economy advanced 3.55 percent year-on-year in the second quarter of 2018, compared to an upwardly revised 2.76 percent expansion in the previous period. Faster growth against the first quarter was mainly explained by construction, which rebounded a sharp 11.57 percent following a 2.56 percent contraction in the previous three months. Mining also rebounded (+2.69 percent vs -3.71 percent). In addition, manufacturing gained steam (+3.50 percent vs +1.57 percent) and utilities grew 2.1 percent after a soft first quarter (+0.7 percent). Meantime, among services, lodging & restaurant activity expanded at a much softer clip of 1.45 percent (vs +6.18 percent), whereas information & communication (+5.01 percent vs +5.25 percent) and professional services (+5.10 percent vs +5.02 percent) remained growing above average.





Monday November 19 2018
Costa Rica - Credit Rating at 50.00


Fitch Ratings placed its outlook on Costa Rica's "BB" rating in "negative watch" from "stable" on November 15th 2018, due to the government's financing problems to meet its budget commitments and payment of the debt in the remainder of 2018. Fitch estimates sovereign gross financing needs will total 5.2% of GDP in the remainder of the 2018, including 1.8% of GDP in deficit financing and USD1.9 billion (3.3% of GDP) in scheduled debt maturities. Financing needs in 2019 total an estimated 13.2% of GDP, including 7.9% of GDP for budget deficit financing and 5.3% of GDP) in debt repayments. Fitch will review the rating in the next one to three months with possible downgrade if problems persist. Standard & Poor's credit rating for Costa Rica stands at BB- with negative outlook. Moody's credit rating for Costa Rica was last set at Ba2 with negative watch outlook.





Saturday November 10 2018
Costa Rica Cpi Housing Utilities at 106.04 Index Points


Cpi Housing Utilities in Costa Rica decreased to 106.04 Index Points in October from 106.19 Index Points in September of 2018.





Saturday November 10 2018
Costa Rica CPI Transportation at 107.41 Index Points


The transportation sub-index of the CPI basket in Costa Rica increased to 107.41 Index Points in October of 2018 from 104.95 Index Points in September of 2018.





Saturday November 10 2018
Costa Rica Minimum Monthly Wages at 5089.29 Index Points


Minimum Wages in Costa Rica remained unchanged at 5089.29 Index Points in October from 5089.29 Index Points in September of 2018.





Saturday November 10 2018
Costa Rica Producer Prices at 114.50 Index Points


Producer Prices in Costa Rica increased to 114.50 Index Points in October from 113.88 Index Points in September of 2018.





Friday November 09 2018
Costa Rica Employment Rate at 54.90 percent


Employment Rate in Costa Rica decreased to 54.90 percent in the third quarter of 2018 from 55.60 percent in the second quarter of 2018.





Friday November 09 2018
Costa Rica Labor Force Participation Rate at 61.10 percent


Labor Force Participation Rate in Costa Rica increased to 61.10 percent in the third quarter of 2018 from 60.90 percent in the second quarter of 2018.