## Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report

_IMF Staff Country Reports, June 27, 2017_

## Source details

**Canonical URL:** [Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2017/06/27/costa-rica-2017-article-iv-consultation-press-release-and-staff-report-44991)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/06/27/costa-rica-2017-article-iv-consultation-press-release-and-staff-report-44991/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/06/27/costa-rica-2017-article-iv-consultation-press-release-and-staff-report-44991/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/06/27/costa-rica-2017-article-iv-consultation-press-release-and-staff-report-44991/bundle-manifest.json)

## Bibliographic details
- Published: June 27, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484304532.002

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### Growth and output gap
- Costa Rica’s economy is growing at its estimated trend rate of about 4.25 percent.
- The output gap is described as essentially closed.
- Growth in 2017 is anticipated to slow marginally to 4 percent, driven by weaker terms of trade and more stringent financial conditions.

### Inflation
- Headline inflation turned positive again in the second half of 2016 and is rising moderately.
- Both headline and core indicators remain below the 2–4 percent target range.

### Exchange rate, reserves, and current account
- The colón has been depreciating moderately since mid-2016.
- Reserves have declined despite the narrowing in the current account deficit.

### Subjects and keywords (as provided)
- Banking, Credit, Economic sectors, Foreign exchange, Inflation, Money, Prices, Public debt, Public sector
- Central America, central bank debt, CR, Credit, executive board assessment, financial condition, FX mismatch, FX-intervention rule, Global, headline inflation, Inflation, inflation objective, ISCR, Public sector, rate

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17156.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17156.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/06/27/costa-rica-2017-article-iv-consultation-press-release-and-staff-report-44991_