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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…

Facing rising deficit, Costa Rican government announces fiscal consolidation plans
Costa Rica
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Costa Rica
558 views

Facing rising deficit, Costa Rican government announces fiscal consolidation plans

The Tico Times - February 11, 2020

Facing a fiscal deficit that reached 6.96% of GDP in 2019, the country's highest figure in decades, the Costa Rican government on Monday announced a plan that…

Unemployment in Costa Rica rose to 12.4% at the end of 2019
Costa Rica
1178 views
Costa Rica
1178 views

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
590 views

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…

Inflation in Costa Rica closed in 2019 at 1.52%, below the official target
Business
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Business
479 views

Inflation in Costa Rica closed in 2019 at 1.52%, below the official target

AFP and The Tico Times - January 8, 2020

Inflation in Costa Rica reached 1.52% in 2019, below the 3% target set by the Central Bank, the official statistical agency said Wednesday. According to the National…

Costa Rica places 1.5 billion dollars in Eurobonds to refinance debt
Costa Rica
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Costa Rica
700 views

Costa Rica places 1.5 billion dollars in Eurobonds to refinance debt

AFP and The Tico Times - November 13, 2019

In an operation to cover state budgetary needs, including the refinancing of public debt, Costa Rica on Tuesday placed $1.5 billion in Eurobonds in the international market,…

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

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
1105 views

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…

Inflation in Costa Rica decreases due to falling fuel prices
Costa Rica
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Costa Rica
614 views

Inflation in Costa Rica decreases due to falling fuel prices

AFP and The Tico Times - October 7, 2019

Costa Rica's consumer price index (CPI) registered a negative variation of -0.10% in September, driven by a drop in the prices of fuels and some foods, the…

Costa Rica passes law to implement telecommuting
Costa Rica
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Costa Rica
991 views

Costa Rica passes law to implement telecommuting

Alejandro Zúñiga - September 19, 2019

In the words of Fifth Harmony, Costa Ricans can now work from home. Wednesday, President Carlos Alvarado signed the Law to Regulate Teleworking in Costa Rica, which…

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