Costa Rica’s economic activity shows hopeful signs

November 20, 2009

The Monthly Economic Activity Index (IMAE) for September showed signs that the Costa Rican economy has begun to recover. Though the economy contracted 0.1 percent, the minuscule decrease in activity is a significant improvement from the past year´s monthly average decrease of 3.6 percent.

The improved outlook was based on a better showing by the manufacturing sector, which reported a small 1.1 percent decrease in the annual rate during September. The improvement in manufacturing came thanks to increased exports by businesses located in free-trade zones.

Other increases in economic activity during the month of September included sales of electric energy and hotel revenues, which sparked by improved tourist spending.

Facebook Comments

You may be interested

Transformational travel in Costa Rica: Turning the flat world round
Costa Rica
142 views
Costa Rica
142 views

Transformational travel in Costa Rica: Turning the flat world round

Alissa Grosskopf - October 16, 2018

The sound of roaring water and the fear in my body drown out the encouraging shouts of my group behind…

Children: the future of shark protection
Changemakers
289 views
Changemakers
289 views

Children: the future of shark protection

Alissa Grosskopf - October 16, 2018

The nonprofit organization Misión Tiburón is strongly engaged in the protection of hammerhead sharks in Costa Rica. They hope to…

Trump warns Honduran president to stop migrants en route to U.S.
Immigration
898 views
Immigration
898 views

Trump warns Honduran president to stop migrants en route to U.S.

AFP - October 16, 2018

WASHINGTON, D.C. – U.S. President Donald Trump warned his Honduran counterpart on Tuesday that he must stop a caravan of…