No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveEconomic Activity Continues to Cool

Economic Activity Continues to Cool

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.

 

Trending Now

Costa Rica’s Pride March 2025 Defies Restrictions and Celebrates Diversity

A large crowd gathered in Paseo Colón, San José, to participate in the LGBTIQ+ Pride March 2025. It began at noon, as people marched...

U.S. – Guatemala Security Pact Targets Crime and Helps Returning Migrants

U.S. Secretary of Homeland Security Kristi Noem signed a border security cooperation agreement with Guatemala on Thursday, which includes the use of drones and...

Costa Rica Surf Film Festival Honors ‘Pura Vida Bodysurfing’ with Top Audience Award

Pura Vida Bodysurfing is an award-winning short film that strips surfing back to its essence—riding waves without a surfboard. Filmed across Costa Rica’s legendary...

Costa Rican Court Orders Release of Migrants Deported Under Trump Deal

A court on Tuesday ordered Costa Rican authorities to release foreign migrants who had been detained in a shelter after being deported under an...

Costa Rica Hunts for Nicaraguan Hit Squad After Exile’s Assassination

Costa Rica’s Judicial Investigation Agency (OIJ) is investigating whether a hit squad tied to Nicaragua’s Ortega-Murillo regime is targeting exiled critics on its soil....

Costa Rica’s Top Court Bans President Chaves from 2026 Election Campaign

Costa Rica’s Supreme Electoral Tribunal on Thursday barred President Rodrigo Chaves from participating in the 2026 election campaign, ruling that he "illegitimately used" his...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica