News
Costa Rica's Economy to January 2011
Source: Aldesa
Friday, January 21, 2011
Stock Market company, Aldesa, published its “Economic Situation in Costa Rica”.
Monthly Economic Activity Index
The most recent estimate in the Monthly Index of Economic Activity (MIEA) for the month of October shows an average variation of 4.7%, reflecting a significant weakening of the manufacturing sector which in turn is offset by the improved performance of sectors such as agriculture , trade and transport.
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Interest Rates
Passive borrowing rate (TBP) was at 8%, after having started the year at 8.25% and with many variations between 6.75% and 8.50% during the year.
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Monetary Aggregates and Credit
The growth of total banking liquidity maintained was 6.0%, with an increase of liquidity in domestic currency of 13.3%. Most of this increase was over the last two months of the year because of injection of Colones into the banking system due to higher dollar purchases.
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Fiscal Deficit
Government cash flow figures for November reveal a deficit of ¢ 98.000 million due to excess in costs over monthly income. Including interest payments, the monthly deficit raises to ¢ 116.000 million.
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