The Instituto de Investigaciones en Ciencias Económicas of the UCR revised upwards Costa Rica's economic growth forecast for 2024, projecting an increase of 4.5%. This is due to growth in the definitive regime and free trade zones. Factors such as lower interest rates in the US and stable commodity prices support these projections. However, there are still geopolitical and climate risks that could affect the economy.
Economic Outlook 2024
Positive Factors
- Free trade zone growth
- Definitive regime
- Low U.S. rates
- Stability of raw materials
Latent Risks
- Geopolitical factors
- Climate risks