Costa Rica’s central bank estimates a 5.1% GDP growth for 2023, attributed to strong exports, certain agricultural sectors, a tourism rebound, and increased FDI. The 2024 growth forecast has been revised to 4.0%, down from a previous 4.3%, yet remains optimistic compared to a 3.1% forecast. Inflation is expected to align with the target range of 3% +/- 1 pp by the fourth quarter of 2024. The bank’s outlook also includes a 1.8% current account deficit and a 3.1% fiscal deficit of GDP for 2024.