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Macro - Country Economic Forecasts - Costa Rica

Publisher Oxford Economics
Published Aug 29, 2025
Length 7 Pages
SKU # OFE20418436

Description

We’ve raised our Costa Rica GDP growth forecast by 0.5ppts to 3.5%, following a stronger-than-expected Q2, driven by exports of medical equipment goods. High-frequency data suggest export momentum will likely continue in Q3. For next year, we envisage 2.4% growth, as weaker services exports – due to softer tourism and a decline in electronics components-related services – and subdued external demand will partially offset solid domestic activity. We see risks slightly tilted to the upside, supported by strength in the free trade zones.

Table of Contents

7 Pages
Costa Rica: External sector retains momentum, despite tariffs
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Policy and politics

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