Costa Rica | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.15 0.8 1.2 1.1 1.2 1.9 percent [+]
Unemployment Rate 9.50 9.62 9.68 9.63 9.68 9.3 percent [+]
Inflation Rate 1.09 1.2 1.4 1.5 2 4 percent [+]
Interest Rate 1.75 1.75 1.75 2 2 2.75 percent [+]
Balance of Trade -368.50 -434 -446 -453 -455 -455 USD Million [+]
Government Debt to GDP 62.11 57.99 57.95 57.9 57.85 42.15 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 551.63 559 565 571 582 665 [+]
Stock Market 31800.08 31700 31400 31100 30500 25700 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.15 0.8 1.2 1.1 1.2 1.9 percent [+]
GDP Annual Growth Rate 3.99 3.4 3.6 3.8 4.1 4.1 percent [+]
GDP 54.14 52.81 52.81 51.82 51.76 54.59 USD Billion [+]
GDP Constant Prices 678405.20 689043 694179 699242 704252 762977 CRC Million [+]
Gross Fixed Capital Formation 133183.20 138324 139266 139405 139086 138224 CRC Million [+]
GDP per capita 9237.95 9226 9253 9280 9306 10174 USD [+]
GDP per capita PPP 14646.57 15000 15000 15000 15000 16770 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 9.50 9.62 9.68 9.63 9.68 9.3 percent [+]
Unemployed Persons 218000.00 217648 221938 221539 222739 224029 [+]
Minimum Wages 4968.51 4965 4966 4966 4966 4966 Index Points [+]
Population 4.91 4.92 4.94 4.95 4.97 5.15 Million [+]
Living Wage Family 824420.00 837960 848132 855775 861517 878302 CRC/Month [+]
Living Wage Individual 787190.90 775130 765134 756850 749983 720236 CRC/Month [+]
Labor Force Participation Rate 60.00 61.11 61.18 60.23 59.03 59.86 percent [+]
Wages 617092.00 603091 602572 602549 602548 602548 CRC/Month [+]
Wages High Skilled 699200.00 696877 696515 696182 695875 693615 CRC/Month [+]
Wages Low Skilled 285000.00 274875 273282 271808 270444 260222 CRC/Month [+]
Employed Persons 1972128.00 1965367 1978257 1993581 2000064 1987439 [+]
Employment Rate 54.30 55.74 55.45 54.49 53.29 54.17 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.09 1.2 1.4 1.5 2 4 percent [+]
Consumer Price Index CPI 100.85 101 102 102 102 107 Index Points [+]
Producer Prices 108.34 108 108 108 108 108 Index Points [+]
Inflation Rate Mom 0.40 0.28 0.25 0.28 0.27 0.27 percent [+]
Food Inflation 0.76 1.15 1.91 2.05 2.08 2.09 percent [+]
Cpi Transportation 97.86 98.45 98.48 98.34 98.37 98.36 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.75 1.75 1.75 2 2 2.75 percent [+]
Money Supply M2 9907186.79 9976599 10184386 10391502 10597947 13023824 CRC Million [+]
Foreign Exchange Reserves 7454.15 8289 6833 7474 6849 7259 USD Million [+]
Deposit Interest Rate 2.40 2.81 2.75 2.69 2.63 1.53 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -368.50 -434 -446 -453 -455 -455 USD Million [+]
Exports 831.10 812 806 811 812 812 USD Million [+]
Imports 1199.60 1244 1246 1241 1241 1241 USD Million [+]
Current Account -591.10 -482 -612 -556 -567 -558 USD Million [+]
Current Account to GDP -4.20 -4.84 -4.65 -4.46 -4.28 -4.65 percent [+]
External Debt 25891.20 27479 28267 28998 29738 37688 USD Million [+]
Capital Flows 663.70 741 719 735 730 732 USD Million [+]
Remittances 517.50 535 522 510 498 505 USD Million [+]
Gold Reserves 0.00 0 0 0 0 0 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 62.11 57.99 57.95 57.9 57.85 42.15 percent [+]
Government Budget -5.60 -4.05 -4.05 -4.05 -4.04 -0.53 percent of GDP [+]
Government Budget Value -1634425.60 -1044464 -913934 -1020938 -1028811 -1011558 CRC Million [+]
Government Spending 111391.60 112898 113502 114081 114616 117995 CRC Million [+]
Government Revenues 4564859.10 2264575 2165017 2608310 2501886 2471075 CRC Million [+]
Fiscal Expenditure 6199284.70 3263926 3071542 3658049 3532783 3485189 CRC Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 4.10 2.78 3.08 3.18 2.59 2.71 percent [+]
Manufacturing Production 5.00 4.15 4.22 4.59 4.81 5.34 percent [+]
Changes in Inventories 19755.90 16110 11440 729 -5938 1444 CRC Million [+]
Leading Economic Index 4.30 4.16 4.28 4.27 4.28 4.28 percent [+]
Mining Production -4.00 -7.28 -8.14 -8.6 -8.85 -9.15 percent [+]
Competitiveness Index 4.41 4.36 4.36 4.36 4.36 4.37 Points [+]
Competitiveness Rank 54.00 54.79 54.79 54.79 54.79 57.39 [+]
Corruption Index 58.00 56 57 57 58 60 Points [+]
Corruption Rank 41.00 44.68 43.36 42.04 40.72 38.9 [+]
Ease of Doing Business 62.00 66.81 67.18 67.54 67.91 77.71 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 457079.90 465190 469053 472800 476455 513119 CRC Million [+]
Gasoline Prices 1.04 1.04 1.02 1.02 1.02 1.02 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 15.00 15 15 15 15 15 percent [+]
Sales Tax Rate 13.00 13 13 13 13 13 percent [+]
Social Security Rate 35.67 35.67 35.67 35.67 35.67 35.67 percent [+]
Social Security Rate For Companies 26.33 26.33 26.33 26.33 26.33 26.33 percent [+]
Social Security Rate For Employees 9.34 9.34 9.34 9.34 9.34 9.34 percent [+]





Economic Forecasts for Costa Rica including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Costa Rica economy. 3/26/2017