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

Spirit Airlines Starts Nonstop Flights to Belize from Fort Lauderdale

Spirit Airlines has started nonstop flights from Fort Lauderdale to Belize City, marking a new option for travelers heading to Central America. The service...

Avianca Flight Disruptions Hit Costa Rica and All Central America

Colombian airline Avianca announced today that software issues in its Airbus A320 aircraft will cause major flight interruptions across its network, including key routes...

Costa Rica’s La Fortuna Waterfall Ranks in Top 1% Globally on TripAdvisor

La Fortuna Waterfall in Costa Rica received TripAdvisor's "Best of the Best" award for the second straight year in the Travellers' Choice 2025 rankings....

Costa Rica Jaguar Caught on Camera Trap in Guanacaste Forest

The forest that I visit in person isn’t the same place my camera traps record. When I’m physically there it takes all of ten...

Costa Rican Junior Tennis Gains Momentum with Korneva’s ITF Victory

Alexandra Korneva lifted the trophy at the ITF J30 San José this past weekend, capping a strong performance that highlights how local tournaments here...

Fans Upset Over Last-Minute Changes to Bad Bunny’s Costa Rica Show Setup

Fans of Puerto Rican superstar Bad Bunny expressed frustration this week after organizers announced last-minute alterations to the stage setup for his upcoming concert...
Avatar
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