Costa Rica
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2000-2001 , pp 145-152
- Publication Date: October 2001
- DOI: https://doi.org/10.18356/fb8e113a-en
- Language: English
The Costa Rican economy suffered a serious external blow that significantly reduced its growth rate. In the second quarter of 1999, economic activity began to flag after two years of growth exceeding 8% a year. This trend became accentuated in 2000, when gross domestic product (GDP) increased by a mere 1.7%. Open unemployment fell, but per capita income contracted slightly. The authorities continued with their policy of mini-devaluations of the exchange rate with a view to preserving external competitiveness, while inflation remained at a level similar to the previous year's (10%) and interest rates came down. Although the management of the public debt improved, public finances weakened.
© United Nations
ISBN (PDF):
9789211558661
Book DOI:
https://doi.org/10.18356/7a13d8be-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Costa Rica
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