Costa Rica | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.75 1.24 1.06 1.31 1.09 1.17 percent [+]
Unemployment Rate 9.70 9.63 9.67 9.72 9.66 9.3 percent [+]
Inflation Rate 0.55 0.8 1.2 1.4 1.5 4 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.75 percent [+]
Balance of Trade -461.20 -457 -464 -467 -467 -467 USD Million [+]
Government Debt to GDP 62.11 57.85 56.35 54.85 53.35 42.15 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 545.17 555 560 566 571 659 [+]
Stock Market 31736.09 31600 31200 30900 30600 25500 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.75 1.24 1.06 1.31 1.09 1.17 percent [+]
GDP Annual Growth Rate 4.21 3.3 3.1 3.1 3.8 4.33 percent [+]
GDP 51.11 51.82 52.81 52.81 52.55 54.59 USD Billion [+]
GDP Constant Prices 615839.40 631897 637366 647374 655172 744288 CRC Million [+]
Gross Fixed Capital Formation 171078.70 191137 180495 189862 190310 208559 CRC Million [+]
GDP per capita 9129.53 9306 9363 9419 9475 10174 USD [+]
GDP per capita PPP 14471.79 14781 15000 15000 15000 16770 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 9.70 9.63 9.67 9.72 9.66 9.3 percent [+]
Unemployed Persons 212323.00 208720 209606 211798 209606 211177 [+]
Minimum Wages 4912.08 4912 4912 4912 4912 4912 Index Points [+]
Population 4.85 4.91 4.92 4.94 4.95 5.15 Million [+]
Labor Force Participation Rate 57.70 58.3 59.02 59.38 58.84 58.65 percent [+]
Wages 619359.00 603958 603445 603424 603423 603423 CRC/Month [+]
Wages High Skilled 699200.00 697269 696877 696515 696182 693615 CRC/Month [+]
Wages Low Skilled 285000.00 276598 274875 273282 271808 260222 CRC/Month [+]
Employed Persons 1972128.00 1965367 1978257 1993581 2000064 1987439 [+]
Employment Rate 52.10 52.71 53.34 53.54 53.13 52.97 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.55 0.8 1.2 1.4 1.5 4 percent [+]
Consumer Price Index CPI 99.49 99.53 99.66 99.83 100 102 Index Points [+]
Producer Prices 107.33 107 107 107 107 107 Index Points [+]
Inflation Rate Mom -0.12 -0.03 -0.03 -0.04 -0.04 -0.04 percent [+]
Food Inflation -1.90 -2.85 -3.47 -3.47 -3.56 -3.54 percent [+]
Cpi Transportation 96.40 96.11 96.14 96.14 96.13 96.14 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.75 percent [+]
Money Supply M2 9735174.61 9881661 10100673 10227577 10574485 15913595 CRC Million [+]
Foreign Exchange Reserves 7715.32 7082 8450 7715 8479 8115 USD Million [+]
Deposit Interest Rate 2.40 2.63 2.59 2.55 2.51 1.53 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -461.20 -457 -464 -467 -467 -467 USD Million [+]
Exports 804.40 820 809 812 811 812 USD Million [+]
Imports 1265.50 1266 1274 1275 1275 1275 USD Million [+]
Current Account -394.40 -482 -612 -556 -567 -558 USD Million [+]
Current Account to GDP -4.20 -4.28 -4.32 -4.37 -4.41 -4.65 percent [+]
External Debt 25388.70 26624 27441 28224 28945 37530 USD Million [+]
Capital Flows 663.70 728 741 719 735 732 USD Million [+]
Remittances 558.51 563 564 566 567 574 USD Million [+]
Gold Reserves 0.05 0.05 0.05 0.05 0.05 0.05 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 62.11 57.85 56.35 54.85 53.35 42.15 percent [+]
Government Budget -5.60 -4.04 -3.86 -3.67 -3.48 -0.53 percent of GDP [+]
Government Budget Value -1060356.20 -843777 -776061 -821860 -823663 -816921 CRC Million [+]
Government Spending 52518.90 52183 52098 52008 51939 51486 CRC Million [+]
Government Revenues 3201238.50 1936085 1928116 2180218 2082067 2081540 CRC Million [+]
Fiscal Expenditure 4261594.70 2801196 2725081 3034307 2931907 2923950 CRC Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 4.40 3.59 2.86 2.44 2.94 3.75 percent [+]
Manufacturing Production 7.30 6.63 6.41 5.94 5.96 5.49 percent [+]
Changes in Inventories 19755.90 -10972 16110 11440 729 1444 CRC Million [+]
Leading Economic Index 4.10 3.86 3.89 3.9 3.9 3.9 percent [+]
Mining Production -10.41 -11.12 -11.06 -11.02 -11 -10.99 percent [+]
Ease of Doing Business 62.00 66.45 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 53.52 53.74 53.95 54.16 57.87 Points [+]
Corruption Rank 40.00 40.72 40.35 39.98 39.61 38.9 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 434840.00 442838 442837 442837 442837 442837 CRC Million [+]
Gasoline Prices 0.99 1 1 1 1 1 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/4/2016