Costa Rica Coffee Guide

Economic Activity Continues to Cool

November 28, 2008

Economic activity in Costa Rica grew by just 1.8 percent in September, the lowest monthly growth in six years, according to a report by the Central Bank.

In September, some sectors, such as manufacturing and tourism, experienced decreases in production.

This is the lowest growth since 2002, according to the Central Bank report.

The hotel sector also presented a moderate growth of 1.8 percent from September 2007 to September 2008, compared to a 6 percent increase from September 2006 to September 2007.

The manufacturing industry experienced growth of 5.5 percent from September 2007 to September this year, down from 7.2 percent growth in the same period the previous year.

According to a poll conducted by the University of Costa Rica in July, employment in the manufacturing sector dropped 4.8 percent that month and the average wage in this sector decreased by 4.7 percent from July 2007 to July this year.

The construction sector, which performed the best of all, showed an annual growth of 12.8 percent, lower than the 18.9 percent increase during the same time the previous year.

 

You may be interested

Slothy Sunday: Meet the sloth moms, released and thriving
Sloth Sundays
1758 views
Sloth Sundays
1758 views

Slothy Sunday: Meet the sloth moms, released and thriving

Rachael Griffiths / Toucan Rescue Ranch - September 27, 2020

This Sloth Sunday is dedicated to the released two-fingered sloth moms that have been prospering since being in Toucan Rescue Ranch’s…

Costa Rica reopens to key tourism market as it welcomes Mexican visitors
Costa Rica
1125 views
Costa Rica
1125 views

Costa Rica reopens to key tourism market as it welcomes Mexican visitors

Alejandro Zúñiga - September 26, 2020

Costa Rica will open its doors to the arrival of tourists from Mexico, after considering a drop in reported Covid-19…

Costa Rica tourism: What states might be allowed next? [updated]
Costa Rica
2286 views
Costa Rica
2286 views

Costa Rica tourism: What states might be allowed next? [updated]

Alejandro Zúñiga - September 26, 2020

Since September 1, Costa Rica has welcomed tourists from a growing number of U.S. states. According to Gustavo Segura, Costa…