Costa Rica

After three years of low growth, the Costa Rican economy showed an upturn in 2003. The macroeconomic context was stable, despite persistent domestic and external vulnerability that was mainly due to the chronic fiscal imbalance. Real gross domestic product (GDP) rose by 6.5% (5.7% excluding the high-technology sector), mainly on the strength of the considerable expansion in goods and services exports (12.5%) following their modest recovery in 2002. Growth in domestic demand (1.3%), on the other hand, slowed down for the second year in a row. Per capita national disposable income grew by only 2.4%, owing to the sharp increase (79.2%) in the repatriation of profits and dividends associated with foreign direct investment.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions