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How to support Costa Rican businesses and communities during the coronavirus crisis
Business
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Business
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How to support Costa Rican businesses and communities during the coronavirus crisis

The Tico Times - April 29, 2020

While the new coronavirus hasn’t yet caused a health crisis in Costa Rica, the pandemic has had widespread repercussions for the country’s economy.  More than 550,000 Costa…

Costa Rica’s economy will shrink 3.6% in 2020 due to COVID-19, according to Central Bank
Costa Rica
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Costa Rica
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Costa Rica’s economy will shrink 3.6% in 2020 due to COVID-19, according to Central Bank

María Flórez-Estrada Pimentel / Semanario Universidad - April 25, 2020

Costa Rica's Gross Domestic Product (GDP) — that is, the total value of goods and services produced in a year — is expected to decrease by 3.6%…

Deficit leads Moody’s to downgrade Costa Rica’s credit rating
Costa Rica
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Costa Rica
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Deficit leads Moody’s to downgrade Costa Rica’s credit rating

Alejandro Zúñiga - February 13, 2020

Moody's Investor Services, a United States-based financial company, downgraded the Government of Costa Rica's long-term bond credit ratings to B2 from B1, it announced this week in…

Unemployment in Costa Rica rose to 12.4% at the end of 2019
Costa Rica
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Costa Rica
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Unemployment in Costa Rica rose to 12.4% at the end of 2019

AFP and The Tico Times - February 6, 2020

Unemployment in Costa Rica grew to 12.4% at the end of 2019 and is one of the highest in Latin America, the country's official statistics agency said…

Costa Rica reached in 2019 its worst fiscal deficit in decades
Costa Rica
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Costa Rica
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Costa Rica reached in 2019 its worst fiscal deficit in decades

AFP - January 30, 2020

Costa Rica's fiscal deficit reached 6.96% of GDP in 2019, the highest of the last three decades, the Ministry of Finance reported Wednesday. The result exceeded the…

Unemployment in Costa Rica registers slight decline but remains high at 11.4%
Costa Rica
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Costa Rica
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Unemployment in Costa Rica registers slight decline but remains high at 11.4%

AFP and The Tico Times - October 31, 2019

Unemployment in Costa Rica, the government's main economic concern, registered a slight decline in the third quarter of the year but remained at a high level of…

Costa Rica falls seven spots in Global Competitiveness Index
Costa Rica
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Costa Rica
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Costa Rica falls seven spots in Global Competitiveness Index

Alejandro Zúñiga - October 10, 2019

Costa Rica fell seven spots to 62nd in the latest Global Competitiveness Index rankings, which were released by the World Economic Forum this week. The index considers…

Costa Rica announces multi-million dollar investment to stimulate economy and jobs
Costa Rica
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Costa Rica
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Costa Rica announces multi-million dollar investment to stimulate economy and jobs

AFP and The Tico Times - September 7, 2019

The Costa Rican government announced on Friday a public investment of $9.526 billion dollars as part of a strategy to boost the economy and reduce high levels…

Consumer optimism remains low in Costa Rica
Business
2957 views
Business
2957 views

Consumer optimism remains low in Costa Rica

L. Arias - March 2, 2017

Consumer confidence in Costa Rica’s economic outlook showed slight improvement over the past quarter but remains low, researchers from the University of Costa Rica (UCR)’s School of Statistics have found. The…

Costa Rica consumer confidence improves but still low, study finds
Business
1579 views
Business
1579 views

Costa Rica consumer confidence improves but still low, study finds

L. Arias - November 26, 2015

Consumer optimism about the country’s economic outlook improved slightly in the past three months, according to results of the Consumer Confidence Index released Wednesday by the University of…