No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rica trade deficit in early months down 62 percent over last...

Costa Rica trade deficit in early months down 62 percent over last year

Costa Rica registered a trade deficit of $363 million in the first two months of 2009, down 62 percent from the same period last year, the Central Bank (BCCR) announced Saturday.

The drop was primarily due to a fall in imports, resulting from the global economic crisis, said the bank.

The country imported $1.7 billion worth of goods in January and February, down from $2.5 billion in those same months in 2008.

Exports were down only 16 percent, from $1.6 billion in 2008 to $1.3 billion this year.

The country closed 2008 with a $5.8 billion trade deficit, a 60 percent increase over the $3.6 billion deficit registered in 2007.

Popular Articles

El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment

Bitcoin was never used by most Salvadorans, its modern city was never built, and now it will cease to be legal tender in El...

El Salvador Loosens Bitcoin Mandate Amidst IMF Loan

El Salvador, the world's first nation to adopt Bitcoin as legal tender, is taking steps to loosen its grip on the cryptocurrency. This move...

Costa Rica’s Coral Reefs Revived by Samara Project

A community-driven initiative in Playa Samara, Guanacaste, is making waves in marine conservation. The Coral Project Association, in collaboration with public and private organizations,...
Avatar
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles