Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 8674.57 7493 25500 5726 5006 3564
Currency 618.30 620 622 624 626 630

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 4.00 1.1 0.8 0.8 0.8 1
GDP Annual Growth Rate (%) -3.70 5.7 3 2.4 2.8 3.2
Unemployment Rate (%) 18.50 18 16 15.1 15.1 13.8
Inflation Rate (%) 1.97 1.7 1.8 2.5 2.6 2
Interest Rate (%) 0.75 1 1.25 1.5 1.5 1.75
Balance of Trade (USD Million) -410.29 -380 -370 -370 -370 -390
Current Account (USD Million) -467.08 -795 -795 -249 -465 -603
Current Account to GDP (% of GDP) -2.40 -2.6 -2.6 -2.7 -2.7 -2.7
Government Debt to GDP (% of GDP) 79.26 88 88 88 88 89
Government Budget (% of GDP) -7.40 -7.5 -7.5 -7.5 -7.5 -6.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 15 15 15 15 15

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 4.00 1.1 0.8 0.8 0.8 1
GDP Annual Growth Rate (%) -3.70 5.7 3 2.4 2.8 3.2
GDP (USD Billion) 61.52 60 60 60 60 61.5
GDP Constant Prices (CRC Million) 8799920.22 8605372 7743895 9130042 9076858 9422204
Gross Fixed Capital Formation (CRC Million) 1447166.10 1571635 1430507 1490581 1481898 1538280
GDP per capita (USD) 9619.72 9850 9850 9850 9850 9900
GDP per capita PPP (USD) 19679.29 19200 19200 19200 19200 19400
GDP From Agriculture (CRC Million) 404679.23 425885 378907 400028 397698 412829
GDP From Construction (CRC Million) 329727.29 391594 345977 325075 323181 335477
GDP From Manufacturing (CRC Million) 1152492.66 993229 917876 1232352 1225173 1271787
GDP From Mining (CRC Million) 24581.53 22292 21268 24388 24246 25168
GDP From Public Administration (CRC Million) 369040.84 296141 301633 381596 379373 393807
GDP From Services (CRC Million) 784529.99 600411 744519 734601 730322 758108
GDP From Transport (CRC Million) 311218.41 202992 300783 308773 306975 318654
GDP From Utilities (CRC Million) 221069.04 178674 194937 216343 215082 223266

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 18.50 18 16 15.1 15.1 13.8
Unemployed Persons 457999.00 286000 280000 280000 280000 280000
Minimum Wages (points) 5399.18 5400 5600 5600 5600 5600
Population (Million) 5.16 5.1 5.15 5.15 5.15 5.2
Labor Force Participation Rate (%) 60.80 63 62.9 62.9 62.9 62.7
Wages (CRC/Month) 680532.00 708000 708000 708000 708000 708000

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.97 1.7 1.8 2.5 2.6 2
Consumer Price Index CPI (points) 100.76 100 114 102 102 104
Producer Prices (points) 126.58 115 115 115 115 115
Cpi Housing Utilities (points) 100.03 103 116 102 102 104
CPI Transportation (points) 109.99 103 102 108 113 104
Food Inflation (%) 0.95 0.9 1.5 1.5 1.5 1.5
Inflation Expectations (%) 1.05 3.2 3.3 3.3 3.3 3.5
Inflation Rate Mom (%) 0.54 0.1 0.1 0.1 0.1 0.2

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.75 1 1.25 1.5 1.5 1.75
Deposit Interest Rate (%) 2.58 2.58 2.79 3.08 3.33 3.58

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -410.29 -380 -370 -370 -370 -390
Current Account (USD Million) -467.08 -795 -795 -249 -465 -603
Current Account to GDP (% of GDP) -2.40 -2.6 -2.6 -2.7 -2.7 -2.7
Imports (USD Million) 1729.37 1450 1270 1270 1270 1290
Exports (USD Million) 1319.08 1070 900 900 900 900
External Debt (USD Million) 32218.00 29000 29000 29000 29000 29000
Capital Flows (USD Million) -358.94 -425 -425 -425 -425 -642
Foreign Direct Investment (USD Million) 611.40 490 490 490 490 650

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 79.26 88 88 88 88 89
Government Budget (% of GDP) -7.40 -7.5 -7.5 -7.5 -7.5 -6.3
Government Budget Value (CRC Million) -609341.98 -953625 -953287 -953287 -953287 -953287
Government Spending (CRC Million) 1524899.00 1577140 1221292 1570646 1561497 1620907

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 15 15 15 15 15
Sales Tax Rate (%) 9.00 13 13 13 13 13
Social Security Rate (%) 37.00 36.67 36.67 36.67 36.67 36.67
Social Security Rate For Companies (%) 26.50 26.33 26.33 26.33 26.33 26.33
Social Security Rate For Employees (%) 10.50 10.34 10.34 10.34 10.34 10.34

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) -4.70 5 3 3 3 2.9
Manufacturing Production (%) 2.40 3.7 3.3 3.3 3.3 3.1
Leading Economic Index (%) -4.70 3.5 3.5 3.5 3.5 3.4
Industrial Production Mom (%) -0.30 0.5 0.8 0.8 0.8 0.7
Mining Production (%) 1.10 10.5 6 6 6 3.5

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (CRC Million) 5665057.80 5546570 5179060 5835010 5801019 6021730
Gasoline Prices (USD/Liter) 1.15 1.09 1.04 0.99 0.94 0.89

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) -8.10 -3.7 -1 -1 -1 -1


This page has 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.