Costa Rica Economy Red Hot!

Recently La Nacion printed a story with the headline, Family Consumption in 2007 is the Highest in the Last Ten Years." Here are some of the facts as reported:

1. Consumer Imports (cars, pharmaceutical products, domestice appliances, etc.) were up 29% in the first nine months of 2007;

2. The Central Bank estimates that household expenses will increase by 6% in 2007, the largest increase in the last decade;

3. Interest rates have fallen to almost half the levels of last year;

4. In August consumer debt reached 920 millions in local currency (colones), an increase of 25% over last year;

5. Purchase of cars increased 25% over the same period last year;

6. Reasons cited for the above include higher employment, higher household incomes, low rates of interest, easier access to consumer debt and high consumer confidence.

There is fear that the high increases in consumer debt may cause trouble for households if interest rates creep back up in the future. Inflation is also lower due, among other things, to the change in Central Bank monetary policy adopted last year.

The bottom line is that Costa Rica's stock is rising. Isn't it about time you took closer look? Call us anytime for more information on visiting or investing in Costa Rica. 1-866-424-6439