Production Growth was 2.94% Second Quarter of 2013 for Costa Rica

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    The Costa Rica News (TCRN) – The Gross Domestic Product (GDP) was 2.94% for the second quarter of 2013 , lower than that predicted a year ago which for the same period was 5.65based on a report by the Central Bank of Costa Rica (BCCR).

    Growth exceeded the first quarter of 2013 which was 2.60%. The slight increase in growth is because some sectors of the economy grew faster in the corresponding months. In June, financial intermediation services and manufacturing industry sectors showed a slight recovery from what they were showing months ago.

    Exports of goods and services show a greater increase over the first three months of 2013. The category grew a total of 2.07% and only for foreign sales of services, the increase was 4.83% .

    However, to make the comparison with the same period last year, exports grew in smaller proportion, as in 2012 the increase in exports of goods and services was 9.79% .

    Almost every data point of the GDP are lower compared to the second quarter of 2012, except for the expense account of the Central Government final consumption, which grew at a higher rate.

    The private household spending also grew at a slower rate (3.2%) compared to the first three months of the year (3.43%) and last year (4.15%). EF

    The Costa Rica News (TCRN)
    San Jose Costa Rica

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