Costa Rica | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.15 0.9 1.3 1.04 1.12 1.11 percent [+]
Unemployment Rate 9.70 9.67 9.72 9.66 9.67 9.3 percent [+]
Inflation Rate 0.77 1.2 1.4 1.5 2 4 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 2 2.75 percent [+]
Balance of Trade -530.90 -499 -495 -494 -494 -494 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 547.03 558 564 569 575 657 [+]
Stock Market 32039.31 30800 30500 30200 29900 25200 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.15 0.9 1.3 1.04 1.12 1.11 percent [+]
GDP Annual Growth Rate 3.99 3.1 3.1 3.8 3.65 3.8 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 9.70 9.67 9.72 9.66 9.67 9.3 percent [+]
Unemployed Persons 212323.00 209606 211798 209606 211631 211177 [+]
Minimum Wages 4912.08 4913 4913 4913 4913 4913 Index Points [+]
Population 4.85 4.86 4.88 4.89 4.91 5.15 Million [+]
Labor Force Participation Rate 57.70 59.02 59.38 58.84 58.63 58.65 percent [+]
Wages 591004.00 603958 603445 603424 603423 603423 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 52.10 53.34 53.54 53.13 52.84 52.97 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.77 1.2 1.4 1.5 2 4 percent [+]
Consumer Price Index CPI 99.87 99.59 99.74 99.9 100 102 Index Points [+]
Producer Prices 107.74 108 108 108 108 108 Index Points [+]
Inflation Rate Mom 0.39 0 0.01 0.01 0.01 0.01 percent [+]
Food Inflation -1.13 -2.54 -2.44 -2.54 -2.48 -2.5 percent [+]
Cpi Transportation 94.89 96.19 96.18 96.18 96.18 96.18 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.75 1.75 1.75 1.75 2 2.75 percent [+]
Money Supply M2 9802576.06 10016848 10230612 10443868 10656619 13170585 CRC Million [+]
Foreign Exchange Reserves 7583.00 8450 7715 8479 7711 8115 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 -530.90 -499 -495 -494 -494 -494 USD Million [+]
Exports 807.20 815 825 823 824 824 USD Million [+]
Imports 1338.10 1342 1354 1354 1353 1353 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 -1223193.90 -791769 -857221 -878734 -862028 -863696 CRC Million [+]
Government Spending 111391.60 112898 113502 114081 114616 117995 CRC Million [+]
Government Revenues 3529326.20 1826032 2258094 2215535 2129250 2167088 CRC Million [+]
Fiscal Expenditure 4752520.10 2622624 3146999 3117048 3004411 3049678 CRC Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 3.90 2.3 1.84 2.36 3.29 3.44 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 4.00 3.99 3.99 3.99 3.99 3.99 percent [+]
Mining Production -4.00 -7.28 -8.14 -8.6 -8.85 -9.15 percent [+]
Ease of Doing Business 62.00 66.81 67.18 67.54 67.91 77.71 [+]
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 55.00 52.55 52.87 53.2 53.52 57.87 Points [+]
Corruption Rank 40.00 44.68 43.36 42.04 40.72 38.9 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 457079.90 465190 469053 472800 476455 513119 CRC Million [+]
Gasoline Prices 0.94 0.95 0.95 0.95 0.95 0.95 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. 1/24/2017