Costa Rica recorded a Current Account deficit of 420 USD Million in the third quarter of 2019. Costa Rica Current Account - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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 -571.65 USD Million in 2021 and -570.47 USD Million in 2022, 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
2020-06-30 04:00 PM Q1
2020-09-30 03:40 PM Q2
2020-12-30 10:00 PM Q3

News Stream
Costa Rica Current Account Gap Widens in Q1
The current account deficit in Costa Rica widened to USD 171.6 million in the first quarter of 2019 from USD 68.6 million in the corresponding period of last year. The goods gap rose to USD 994.2 million from USD 936.2 million and the primary income shortfall increased to USD 895.1 million from USD 817.6 million. Meanwhile, the services surplus advanced to USD 1577.9 million from USD 1574.2 million a year earlier and the secondary income surplus went up to USD 139.9 million from USD 110.9 million.
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).