Economics Index of Economic Activity Central Bank of Costa Rica Statistics and Census Bureau of Panamá Adolfo Quintero Grupo Aldesa National Comptroller´s Office (Panama)

Costa Rica: Economic Activity Keeps Falling

The monthly economic activity index, known for its Spanish initials as IMAE, keeps trending down.

Monday, June 14, 2010

©image: Agustina Cobas

On April, the index recorded a year-on-year change of 4.13%, lower than in march (5.83%). This marks three consecutive months of decreases.

So far, the observed economic cycle seems to be normal: a “rebound stage”, marked by fast growth, which then normalizes and stabilizes, reaching long term sustainability. It is worth of note, however, that bank credit has not recovered in the past 18 months, and several key sectors, such as manufacturing, construction and hospitality, seem to be rapidly losing momentum.

Key entities

Grupo Aldesa

Countries

Costa Rica

Insight

Index of Economic Activity Economics

Costa Rica: Economic Slowdown Continues

August 2010

The Monthly Index of Economic Activity (IMAE) shows growth of 2.96% to June, the fourth consecutive month in which year-on-year growth has slowed.

From the maximum year-on-year rate of 6.09% reached in February, the pace of Costa Rica's growth has slipped by around 51.4% to 2.96% in June, completing a somewhat bleak quarter.

Economic Activity Increases in Costa Rica

November 2009

In October, the Monthly Economic Activity Index (IMAE), grew for the eight consecutive month, driven by a 0.31% monthly increase.

Year-on-year the index still reflects an economic contraction, but at a lower pace. When compared with the last year, IMAE dropped 0.1% in October, an improvement over February, when the variation was 4.8%.

Costa Rica Grew by 7% in March

May 2012

The IMAE of March indicates an increase of 6.83% compared to the same month last year, which for now suggests a good momentum of economic activities.

According to a review of the monthly index of economic activity (IMAE) by the Central Bank, the country experienced growth in March of 6.83% compared to March 2011.

Economic Activity in Costa Rica Stalled

March 2011

Costa Rica's economic activity continues to grow at very low rates.

An Aldesa analysis on the subject indicates that during February, the economy grew just 0.09%, resulting in a variation (February 2010 - February 2011) of 2.4%, according to the Monthly Economic Activity Index (MIEA).

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