Costa Rica - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.40 1 1.4 1.4 1.3 1.3 percent
Unemployment Rate 8.70 9.2 9 8.8 9.3 9.4 percent
Inflation Rate 2.24 2.4 2.7 3 3.2 3.4 percent
Interest Rate 5.00 5 5.25 5.25 5.25 5.5 percent
Balance of Trade -471.10 -485 -469 -471 -471 -470 USD Million
Government Debt to GDP 65.10 68 68 70 70 70 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 31901.40
points
30600 30300 32739 32747 27100
Currency 576.75
570 571 573 574 581
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.40
percent
1 1.4 1.4 1.3 1.3
GDP Annual Growth Rate 2.55
percent
3 3.2 3.6 3 3.5
GDP 57.06
USD Billion
58.97 59.1 60 60 62
GDP Constant Prices 7117187.65
CRC Million
6849776 7326665 7373406 6973228 7840923
Gross Fixed Capital Formation 1232597.41
CRC Million
1227933 1440038 1276971 1289214 1541114
GDP per capita 9792.00
USD
10297 10297 10500 10500 10700
GDP per capita PPP 15524.99
USD
15737 15739 16300 16300 16770
Gdp From Agriculture 359544.29
CRC Million
333797 345434 372488 365442 369680
Gdp From Construction 295465.18
CRC Million
247493 318827 306102 288800 341205
Gdp From Manufacturing 873870.73
CRC Million
801050 886821 905330 805986 949066
Gdp From Mining 20133.98
CRC Million
17765 32679 20859 16956 34973
Gdp From Public Administration 276890.30
CRC Million
277087 283243 286858 281811 303124
Gdp From Services 667185.71
CRC Million
647767 735580 691204 669864 787210
Gdp From Transport 272224.20
CRC Million
270996 282171 282024 280253 301977
Gdp From Utilities 164168.66
CRC Million
176056 180513 170079 178511 193183
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 8.70
percent
9.2 9 8.8 9.3 9.4
Unemployed Persons 205141.00
235000 240000 231695 235757 230000
Minimum Wages 5089.29
Index Points
5089 5089 5089 5089 5089
Population 4.95
Million
5 5.01 5.03 5.04 5.19
Wages 645007.00
CRC/Month
670000 657000 700000 1736506 708000
Wages High Skilled 763600.00
CRC/Month
775600 775600 775600 744334 790600
Wages Low Skilled 285600.00
CRC/Month
326274 326274 326274 308313 340351
Labor Force Participation Rate 60.90
percent
58.9 60 58.19 58.41 60.5
Living Wage Family 365500.00
CRC/Month
365500 365500 365500 365500 375500
Living Wage Individual 275600.00
CRC/Month
275600 275600 275600 275600 275600
Employed Persons 2160036.00
2020075 2048706 2035007 2033460 2025476
Employment Rate 55.60
percent
52.73 53.59 53.15 52.8 52.7
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.24
percent
2.4 2.7 3 3.2 3.4
Consumer Price Index CPI 103.25
Index Points
104 105 106 106 112
Producer Prices 113.29
Index Points
113 113 114 114 115
Inflation Expectations 3.50
percent
3.44 3.42 3.43 3.46 3.49
Inflation Rate Mom -0.07
percent
-0.01 0.13 0.02 0.05 0.03
Food Inflation 1.50
percent
2.5 2.4 2.37 2.44 2.6
Cpi Housing Utilities 106.02
Index Points
104 107 108 109 115
CPI Transportation 103.41
Index Points
101 103 105 107 110
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.00
percent
5 5.25 5.25 5.25 5.5
Money Supply M2 10627967.70
CRC Million
10644476 10787931 10941251 11096009 12605288
Foreign Exchange Reserves 7801.56
USD Million
8575 7666 7771 7465 7638
Deposit Interest Rate 2.79
percent
2.79 3.04 3.04 3.04 3.29
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -471.10
USD Million
-485 -469 -471 -471 -470
Exports 937.50
USD Million
915 942 939 937 938
Imports 1408.60
USD Million
1400 1409 1409 1408 1408
Current Account -366.60
USD Million
-407 -492 -382 -302 -424
Current Account to GDP -3.00
percent
-4.04 -5.09 -4.93 -4.54 -3.85
External Debt 28537.10
USD Million
28300 28500 30012 30432 29000
Capital Flows -1544.28
USD Million
-752 -770 -965 -700 -726
Remittances 46.06
USD Million
50.98 47.36 48.28 50.64 48.98
Gold Reserves 0.00
Tonnes
0 0 0 0 0
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 647.00
USD Million
840 870 620 643 950
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 65.10
percent
68 68 70 70 70
Government Budget -5.40
percent of GDP
-6 -6 -6.4 -6.4 -6.3
Government Budget Value -895220.00
CRC Million
-984708 -898571 -931601 -934526 -924766
Government Spending 1151335.05
CRC Million
1157468 1199918 1192783 1183830 1284140
Government Revenues 1892988.40
CRC Million
2485187 2155565 2260954 2294178 2266444
Fiscal Expenditure 2788208.40
CRC Million
3469894 3028103 3192556 3228704 3191209
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 3.70
percent
3.7 3.9 3.4 3 3.8
Manufacturing Production 2.70
percent
2.7 2.5 2.6 2.8 3.1
Changes in Inventories 19755.90
CRC Million
-2950 -14630 11036 7344 -11400
Leading Economic Index 3.20
percent
4 3.4 3.5 3.7 3.6
Internet Speed 4091.66
KBps
4666 4763 4854 4953 5820
IP Addresses 531033.00
IP
539978 542595 548064 548928 559884
Mining Production 1.40
percent
1.6 1.6 1.4 1.6 1.5
Competitiveness Index 4.50
Points
4.5 4.5 4.5 4.5 4.4
Competitiveness Rank 47.00
47 47 47 47 50
Corruption Index 59.00
Points
59 59 60 60 62
Corruption Rank 38.00
38 38 38 38 38
Ease of Doing Business 61.00
61 61 60 60 60
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 4674312.75
CRC Million
4667946 4890644 4842588 4727652 5233918
Gasoline Prices 1.14
USD/Liter
1.16 1.1 1.04 0.98 0.77
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 15.00
percent
15 15 15 15 15
Sales Tax Rate 13.00
percent
13 13 13 13 13
Social Security Rate 35.67
percent
35.67 35.67 35.67 35.67 35.67
Social Security Rate For Companies 26.33
percent
26.33 26.33 26.33 26.33 26.33
Social Security Rate For Employees 9.34
percent
9.34 9.34 9.34 9.34 9.34
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 191.73
mm
344 301 93.88 250 256
Temperature 24.61
celsius
25.65 24.93 25.77 25.25 26.23