1945

The real rate of increase in the country’s GDP stood at 7.3% in 2007, compared with 8.8% in 2006. While this was a significant decrease, growth was still strong and above the average for the current decade. GDP growth was mostly due to the expansion of gross fixed investment and of exports. Per capita GDP was up by 5.5%, growing for the sixth consecutive year. Inflation picked up in 2007, closing the year at 10.8% (9.4% in 2006). The public-sector balance posted a positive result for the first time in 30 years and unemployment fell to the lowest level seen in the 2000s. The balance-of-payments current account deficit was equivalent to 5.7% of GDP, one point above the previous year’s figure.

Related Subject(s): Economic and Social Development
Countries: Costa Rica
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