Costa Rica recorded a Current Account deficit of 420 USD Million in the third quarter of 2019.

Current Account in Costa Rica averaged -354.64 USD Million from 1999 until 2019, reaching an all time high of 101.76 USD Million in the second quarter of 2009 and a record low of -998.53 USD Million in the fourth quarter of 2012. This page provides the latest reported value for - Costa Rica Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Current Account in Costa Rica is expected to be -602.58 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Costa Rica to stand at -574.35 in 12 months time. In the long-term, the Costa Rica Current Account is projected to trend around -570.47 USD Million in 2020, according to our econometric models.

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Costa Rica Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-420.00 -403.00 101.76 -998.53 1999 - 2019 USD Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 03:30 PM Q4 $-797.7M $-245.4M
2019-07-01 04:00 PM Q1 $-171.6M $-863.7M
2019-10-01 03:40 PM Q2 $-350.6M $-206.2M $-230M
2019-12-26 11:00 PM Q3 $-420M $-403M $-530M
2020-03-31 03:30 PM Q4 $-420M


News Stream
2019-04-01
Costa Rica Current Account Deficit Widens in Q4
The current account deficit in Costa Rica widened to USD 797.7 million in the fourth quarter of 2018 from USD 539.9 million in the same period last year, as the primary income gap increased sharply to USD 932.4 million from USD 592.0 million. Meanwhile, the goods and services account posted a USD 3.4 million surplus compared to a USD 61.7 million deficit a year ago and the secondary income surplus rose to USD 131.4 million from USD 113.7 million. Considering 2018 full year, the current account deficit widened to USD 1.88 million from USD 1.82 million in 2017.


Costa Rica Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Costa Rica Trade Last Previous Highest Lowest Unit
Balance of Trade -402.80 -420.20 139.55 -661.40 USD Million [+]
Current Account -420.00 -403.00 101.76 -998.53 USD Million [+]
Current Account to GDP -3.10 -3.10 -1.05 -15.59 percent [+]
Imports 1265.51 1392.90 1567.74 280.48 USD Million [+]
Exports 862.70 972.70 1070.63 189.28 USD Million [+]
External Debt 28932.50 29205.80 29413.00 4464.80 USD Million [+]
Capital Flows -301.02 229.29 334.52 -2431.19 USD Million [+]
Remittances 135.01 129.61 172.97 29.45 USD Million [+]
Gold Reserves 0.00 0.00 0.12 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 593.30 451.20 1187.30 82.60 USD Million [+]