Open figure viewer
Significance
The economy thrived on the back of vigorous external demand last year, resulting in a 12.2% expansion driven by free trade zones and a robust recovery of fixed investment.
Impacts
The government, lacking a legislative majority, will have to offer concessions to critics, particularly on the left, to advance policies.
Austerity measures and ongoing debates over unpopular IMF-related fiscal action will keep strike and protest risks elevated in 2023.
The likelihood of farmer groups engaging in protests will rise if Costa Rica becomes a member of the Pacific Alliance.
Keywords:
Costa Rica,
LA/C,
economy,
climate,
fiscal,
government,
growth,
monetary,
natural disasters,
policy
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
You do not currently have access to this content.
