No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rican economy grows more than regional average in 2012

Costa Rican economy grows more than regional average in 2012

The Costa Rican economy will finish the year with 5 percent growth, a figure that is above the 3.2 percent average for Latin America, according to the Economic Commission for Latin America and the Caribbean (ECLAC).

The most dynamic sectors are transport, storage and telecommunications services, financial intermediation, insurance, real estate and manufacturing.

The study also says the government fiscal deficit will close at 4.5 percent. The fiscal deficit in November was 4 percent.

ECLAC predicted the country’s growth will drop to 3.5 percent next year.

In August, Costa Rica’s Central Bank predicted growth of 4.8 percent in 2012.

Trending Now

Costa Rica Backs Grynspan to Lead United Nations Starting 2027

Costa Rica formally entered former Vice President Rebeca Grynspan into the race for United Nations Secretary-General on Tuesday. The government sent a diplomatic note...

Costa Rica Forms First Symphony Orchestra With Only Women Performers

Costa Rica now has its first symphony orchestra that consists exclusively of women. The Sistema Nacional de Educación Musical assembled the ensemble as part...

Drone Video Captures Massive Dolphin Pod Moving Past Drake Bay in Costa Rica

A drone video showing a massive pod of dolphins moving just offshore of Bahía Drake on Costa Rica’s Osa Peninsula has gone viral on...

US Israel Iran War Spreads as Hezbollah Enters Fighting and UK Base in Cyprus Hit

The war launched by the United States and Israel against Iran spread across the Middle East and beyond on Monday with Lebanon's Hezbollah entering...

New York Times Picks Costa Rica as Prime Spring Break Spot

The New York Times has included Costa Rica in a list of five spring break destinations aimed at families looking for warm weather and...

Trump Brings Latin American Conservative Leaders to Florida Summit

US President Donald Trump, currently waging a war with Iran, hosts a dozen right-wing leaders from Latin America and the Caribbean on Saturday to...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica