1945

Real GDP in Costa Rica grew by 2.6% compared with 7.8% in 2007. Per capita GDP was up 0.9%, well below the rate for prior years. Inflation ended the year at 13.9% (10.8% in 2007). The unemployment rate stood at 4.9%, following a reverse in the downward trend seen in recent years. The public-sector balance showed a small deficit, while the central government balance was slightly positive. The balance-of-payments current account deficit increased significantly from 6.3% of GDP in 2007 to 9% in 2008.

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