Costa Rica Economy Improving

According to the Central Bank of Costa Rica, in September of 2009 economic activity was down only 0.10% from September 2008 and since March 2009 each month the economic data for Costa Rica appears to be improving.

After eleven months of declining economic activity, has Costa Rica finally turned the corner? Only time will tell…

This chart clearly shows quite a dramatic improvement in the industrial sector, construction, hotels and Imae which compares the variation in physical production of various products including Intel’s microprocessors and potatoes, health and education services among others…

Earlier this month Andreas Bauer, with the International Monetary Fund visited Costa Rica and he confirmed that Costa Rica’s inflation rate has dropped to historic lows, that the “there have been no pressures registered on the balance of payments and the financial sector remains strong.”

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Written by Scott Oliver, author of 1. Costa Rica Real Estate Scams & How To Avoid Them, 2. How To Buy Costa Rica Real Estate Without Losing Your Camisa, 3. Costa Rica’s Guide To Making Money Offshore and the Director of Costa Rica Living & Retirement – Secrets To Happiness, a new DVD which reveals all with 14 in depth interviews…

Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.