Costa Rica: Selected Issues

International Monetary Fund

No 2002/089, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines recent economic developments and economic growth in Costa Rica. The paper highlights that real GDP growth of Costa Rica slowed to 1.7 percent, from more than 8 percent a year in 1998–99, reflecting in part deterioration in the terms of trade, the end of the construction phase of a large foreign direct investment project by Intel, and the effect of high real interest rates on domestic demand. The paper also provides a brief overview of some methodological difficulties usually encountered in calculating a country’s real effective exchange rate.

Keywords: ISCR; CR; central bank; exchange rate; private sector; U.S. dollar; rate of return; trade partner; export share; General merchandise export; CBCR index; export weight; Nuevo Indicador para Costa Rica; Exports; Public sector; Imports; Real effective exchange rates; Total factor productivity; Central America; Europe; North America (search for similar items in EconPapers)
Pages: 67
Date: 2002-04-24
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Citations: View citations in EconPapers (2)

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