Costa Rica sets a global precedent. The Central Bank announced the publication of the comprehensive review of the National Accounts under the guidelines of the System of National Accounts two thousand twenty-five, making the country the first in the world to adopt it.
This update changes the reference year from two thousand seventeen to two thousand twenty-two, incorporating new methodologies that better reflect phenomena such as digitalization, globalization and welfare. Among the main results, it stands out that the Gross Domestic Product of two thousand twenty-two increased by two point five percent, going from forty-four thousand eight hundred and ten to forty-five thousand nine hundred and forty-seven billion colones.
In addition, activities such as manufacturing, business services, commerce and information services increased their weight in the national economy. There is also a greater participation of foreign capital and an improvement in the trade balance.
The Central Bank will make available interactive panels and hold webinars between November 24th and 28th to explain the new indicators and methodologies.
This is a news service prepared by ICS. For more information about the story, write to info@ics.cr or call 2519-9992 ICS, tax specialists.