Analysis by Region - Emerging Markets - Costa Rica

Analysis by Region - Emerging Markets - Costa Rica

We raised our forecast for Costa Rica's GDP to 3.3% from 2.9% in 2024 and to 2.3% from 2.1% in 2025. The main driver for this adjustment stems from improved economic prospects in the US compared to what we expected in November 2023. This factor, coupled with a mild to moderate El Niño phenomenon as projections suggest, is expected to support growth in the external sector. Our forecasts for both years fall below consensus.

Costa Rica: Domestic demand will support Short-term Growth
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
Economic development
Structure of the economy
Policy and Politics

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