2006 Sees Increased Economic Development
The Central Bank Tuesday released what it called Costa Rica’s most important economic achievements this year: gross domestic product (GDP) growth of approximately 7% to more than $22 billion and a reduction of inflation to 9.5%.
2006 has been a good year economically, with investment reaching a record $1.4 billion, or 6.4% of the GDP, said Central Bank president Francisco de Paula Gutiérrez.
Other economic indicators in the country are also looking favorable; exports of goods and services this year reached $11 billion, although the commercial balance remains negative since imports registered $13 billion. Inflation also dropped this year from 14% to about 9.5%, Gutiérrez said.
Additionally, international monetary reserves have reached a record $3 billion. However, these statistics don’t mean Costa Rica doesn’t have a lot of work ahead, Gutiérrez said, adding that 20.2% of the population still lives in poverty and wealth is unevenly distributed.
You may be interested
A washing machine ocean and a city of sin at the Essential Costa Rica Surf Pro 2018 in JacóManuel Martínez - October 14, 2018
One of the things I like most about surfing is the constant change. You’ll be surfing the best waves of…
A look back at our 5 questions for Costa Rican photographer Ivannia AlvaradoElizabeth Lang - October 14, 2018
Our Weekend Arts Spotlight feature has profiled a lot of artists and gone through several changes throughout the years. One…
Heavy rains hit Costa Rica: two dead, one missing; another tropical wave expected to hit tomorrow, red alerts issuedAlexander Villegas - October 13, 2018
Two people died and one is missing after a tropical wave and heavy rains swept through Costa Rica late this…