Costa Rica Current Account to GDP

Costa Rica recorded a Current Account deficit of 5.20 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Costa Rica is reported by the Consejo Monetario Centroamericano. From 1977 until 2012, Costa Rica Current Account to GDP averaged -5.5 Percent reaching an all time high of -1.1 Percent in December of 1991 and a record low of -15.6 Percent in December of 1981. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Costa Rica Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.20 -5.35 -1.05 -15.59 -5.23 | 2013/12 1977 - 2012 Percent Yearly

TO

Costa Rica Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -411.54 2014-02-28 -659.00 139.60 -696.10 -513.82 2014-03-31 USD Million [+]
Current Account to GDP -5.20 2012-12-31 -5.35 -1.05 -15.59 -5.23 2013-12-31 Percent [+]
Exports 960.22 2014-02-28 856.90 1120.10 235.50 988.48 2014-03-31 USD Million [+]
Imports 1371.76 2014-02-28 1515.90 1615.50 320.70 1460.06 2014-03-31 USD Million [+]
Capital Flows 779.61 2013-11-15 470.53 2337.05 -230.34 343.03 2014-03-31 USD Million [+]
Current Account -760.14 2013-11-15 -708.57 80.98 -924.07 -639.02 2014-03-31 USD Million [+]
External Debt 17158.00 2013-12-31 15974.20 17158.00 5763.40 17878.47 2014-03-31 USD Million [+]
Remittances 579.00 2012-12-31 530.00 624.00 80.00 612.85 2013-12-31 USD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Costa Rica Capital Flows at 779.61 USD Million  
Capital Flows in Costa Rica increased to 779.61 USD Million in the fourth quarter of 2013 from 470.53 USD Million in the third quarter of 2013. Capital Flows in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Changes in Inventories at -37884.70 CRC Million  
Changes in Inventories in Costa Rica decreased to -37884.70 CRC Million in the fourth quarter of 2013 from 9872.70 CRC Million in the third quarter of 2013. Changes in Inventories in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Consumer Price Index (CPI) at 165.76 Index Points  
Consumer Price Index (CPI) in Costa Rica increased to 165.76 Index Points in March of 2014 from 164.75 Index Points in February of 2014. Consumer Price Index (CPI) in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Consumer Spending at 448161.30 CRC Million  
Consumer Spending in Costa Rica increased to 448161.30 CRC Million in the fourth quarter of 2013 from 389016.20 CRC Million in the third quarter of 2013. Consumer Spending in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Current Account at -760.14 USD Million  
Costa Rica recorded a Current Account deficit of 760.14 USD Million in the fourth quarter of 2013. Current Account in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Foreign Exchange Reserves at 317.85 USD Million  
Foreign Exchange Reserves in Costa Rica increased to 317.85 USD Million in the fourth quarter of 2013 from 260.22 USD Million in the third quarter of 2013. Foreign Exchange Reserves in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica GDP Constant Prices at 573458.30 CRC Million  
GDP Constant Prices in Costa Rica increased to 573458.30 CRC Million in the fourth quarter of 2013 from 573221.30 CRC Million in the third quarter of 2013. GDP Constant Prices in Costa Rica is reported by the Central Bank Of Costa Rica.
Costa Rica Government Spending at 50118.70 CRC Million  
Government Spending in Costa Rica increased to 50118.70 CRC Million in the fourth quarter of 2013 from 49767.90 CRC Million in the third quarter of 2013. Government Spending in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Gross Fixed Capital Formation at 183181.90 CRC Million  
Gross Fixed Capital Formation in Costa Rica increased to 183181.90 CRC Million in the fourth quarter of 2013 from 155588.20 CRC Million in the third quarter of 2013. Gross Fixed Capital Formation in Costa Rica is reported by the Central Bank Of Costa Rica.
Costa Rica Producer Prices at 367.48 Index Points  
Producer Prices in Costa Rica increased to 367.48 Index Points in March of 2014 from 361.89 Index Points in February of 2014. Producer Prices in Costa Rica is reported by the Central Bank of Costa Rica.
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