Markets Actual Q1 Q2 Q3 Q4 2022
Stock Market (points) 7495.49 7382 7269 7159 7050 6833
Currency 609.90 612 615 618 621 627

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -8.30 1.7 1.3 1.1 0.8 1
GDP Annual Growth Rate (%) -6.70 1.5 7 5.5 2.5 2.5
Unemployment Rate (%) 20.00 21 19 18 16 13.8
Inflation Rate (%) 0.96 0.6 0.8 1 1.3 2
Interest Rate (%) 0.75 0.75 0.75 1 1.25 1.75
Balance of Trade (USD Million) -346.90 -430 -380 -380 -430 -430
Current Account to GDP (%) -2.50 -3.8 -3.8 -3.8 -3.8 -4
Government Debt to GDP (%) 77.47 88 88 88 88 89
Government Budget (% of GDP) -5.70 -7.5 -7.5 -7.5 -7.5 -6.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -8.30 1.7 1.3 1.1 0.8 1
GDP Annual Growth Rate (%) -6.70 1.5 7 5.5 2.5 2.5
GDP (USD Billion) 61.77 60 60 60 60 61.5
GDP Constant Prices (CRC Million) 6813119.08 6994984 7336568 7088505 7743895 7169859
Gross Fixed Capital Formation (CRC Million) 1191396.10 1146948 1211885 1274794 1430507 1175622
GDP per capita (USD) 10046.95 9850 9850 9850 9850 9900
GDP per capita PPP (USD) 19642.42 19200 19200 19200 19200 19400
GDP From Agriculture (CRC Million) 338639.69 326703 347171 363229 378907 334870
GDP From Construction (CRC Million) 254603.02 264264 280918 301368 345977 270871
GDP From Manufacturing (CRC Million) 840760.22 824939 893414 826806 917876 845563
GDP From Mining (CRC Million) 15612.64 18301 19576 15711 21268 18759
GDP From Public Administration (CRC Million) 277741.04 265456 283412 298091 301633 272092
GDP From Services (CRC Million) 569452.60 640899 682306 604365 744519 656922
GDP From Transport (CRC Million) 188895.23 265950 280207 204329 300783 272599
GDP From Utilities (CRC Million) 168562.96 169023 180970 179851 194937 173249

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 20.00 21 19 18 16 13.8
Unemployed Persons 487675.00 286000 286000 286000 280000 280000
Minimum Wages (points) 5399.18 5400 5400 5400 5600 5600
Population (Million) 5.06 5.1 5.1 5.1 5.15 5.2
Labor Force Participation Rate (%) 57.60 63 63 63 62.9 62.7
Wages (CRC/Month) 672054.00 708000 708000 708000 708000 708000

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.96 0.6 0.8 1 1.3 2
Consumer Price Index CPI (points) 107.25 107 107 107 108 111
Producer Prices (points) 119.78 115 115 115 115 115
Inflation Expectations (%) 2.90 3 3.1 3.2 3.3 3.5
Inflation Rate Mom (%) 0.18 0.3 0.2 0.1 0.1 0.2
Food Inflation (%) 3.76 0.2 0.6 0.9 1.5 1.5
Cpi Housing Utilities (points) 98.97 112 112 112 111 114
CPI Transportation (points) 101.34 106 105 109 108 110

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.75 0.75 0.75 1 1.25 1.75
Deposit Interest Rate (%) 4.64 3.04 4.64 4.64 2.79 2.79

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -346.90 -430 -380 -380 -430 -430
Current Account to GDP (%) -2.50 -3.8 -3.8 -3.8 -3.8 -4
Imports (USD Million) 1305.80 1450 1450 1450 1270 1290
Exports (USD Million) 958.90 1070 1070 1070 900 900
External Debt (USD Million) 31376.40 29000 29000 29000 29000 29000
Capital Flows (USD Million) -154.37 -180 -180 -425 -425 -642
Foreign Direct Investment (USD Million) 256.90 530 590 490 490 650

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 77.47 88 88 88 88 89
Government Budget (% of GDP) -5.70 -7.5 -7.5 -7.5 -7.5 -6.3
Government Budget Value (CRC Million) -2906193.83 -953625 -953625 -953625 -953287 -953287
Government Spending (CRC Million) 1197723.20 1140278 1216316 1281564 1221292 1168785

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
Sales Tax Rate (%) 13.00 13 13 13 13 13
Social Security Rate (%) 36.67 36.67 36.67 36.67 36.67 36.67
Social Security Rate For Companies (%) 26.33 26.33 26.33 26.33 26.33 26.33
Social Security Rate For Employees (%) 10.34 10.34 10.34 10.34 10.34 10.34

Business Actual Q1 Q2 Q3 Q4 2022
Industrial Production (%) -7.70 2.3 6.5 5 3 2.9
Manufacturing Production (%) -4.10 2.1 3.5 3.7 3.3 3.1
Leading Economic Index (%) -7.90 0.5 4 3.5 3.5 3.4
Industrial Production Mom (%) 1.40 0.3 0.5 0.5 0.8 0.7
Mining Production (%) -15.50 -5.8 13 10.5 6 3.5

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (CRC Million) 4294167.90 4623841 4944222 4594760 5179060 4739437
Gasoline Prices (USD/Liter) 0.97 0.87 0.83 0.79 0.75 0.71

Housing Actual Q1 Q2 Q3 Q4 2022
Construction Output (%) -13.50 -7 -5 -5 -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.