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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.30 1.5 1.6 1.6 1.7 1.7 percent
Unemployment Rate 10.30 9.6 9.7 9.7 9.7 9.4 percent
Inflation Rate 2.38 2.4 2.6 2.7 3 3.4 percent
Interest Rate 5.00 5 5 5.25 5.25 4.5 percent
Balance of Trade -307.10 -369 -376 -366 -368 -368 USD Million
Government Debt to GDP 65.10 60.6 62.1 61 58.9 51.3 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Stock Market 31901.40
points
30900 30600 30300 31901 27100
Currency 561.00
573 583 593 602 644
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.30
percent
1.5 1.6 1.6 1.7 1.7
GDP Annual Growth Rate 3.01
percent
3.3 3.5 3.5 3.6 3.6
GDP 57.44
USD Billion
58.05 58.57 59.1 63.6 64.4
GDP Constant Prices 7099481.18
CRC Million
6881831 6873396 7355063 7190310 7909399
Gross Fixed Capital Formation 1395385.34
CRC Million
1272316 1232168 1445619 1330895 1554573
GDP per capita 9714.10
USD
9781 10297 9906 10549 10786
GDP per capita PPP 15401.50
USD
15508 15607 15800 16330 16770
Gdp From Agriculture 335148.02
CRC Million
360652 334948 347213 360132 373382
Gdp From Construction 308940.80
CRC Million
285014 248347 320063 311366 344185
Gdp From Manufacturing 859322.23
CRC Million
795422 803812 890258 886789 957355
Gdp From Mining 32268.70
CRC Million
16734 17844 33430 21234 35950
Gdp From Public Administration 274460.60
CRC Million
278118 278042 284341 282245 305771
Gdp From Services 712771.40
CRC Million
661084 650001 738431 676124 794085
Gdp From Transport 273421.70
CRC Million
276579 271930 283265 271444 304614
Gdp From Utilities 171975.60
CRC Million
176171 176663 178167 173278 191595
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 10.30
percent
9.6 9.7 9.7 9.7 9.4
Unemployed Persons 229082.00
222000 235000 240000 206336 230000
Minimum Wages 5089.29
Index Points
4968 4992 4993 4989 4990
Population 4.95
Million
4.94 4.95 4.97 4.98 5.21
Wages 607993.00
CRC/Month
645000 670000 657000 700000 708000
Wages High Skilled 763600.00
CRC/Month
775600 775600 775600 775600 790600
Wages Low Skilled 285600.00
CRC/Month
326274 326274 326274 326274 340351
Labor Force Participation Rate 57.70
percent
58.7 58.9 60 59.77 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 2004711.00
2045246 2048716 2047912 2048098 2048063
Employment Rate 51.80
percent
52.21 52.83 53.67 53.17 52.78
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 2.38
percent
2.4 2.6 2.7 3 3.4
Consumer Price Index CPI 102.97
Index Points
103 104 105 106 112
Producer Prices 112.58
Index Points
111 111 112 111 113
Inflation Expectations 3.70
percent
3.87 3.9 3.88 3.86 3.82
Inflation Rate Mom -0.08
percent
0.34 0.35 0.35 0.35 0.35
Food Inflation 2.90
percent
2.4 2.5 2.4 2.37 2.6
Cpi Housing Utilities 105.46
Index Points
103 104 107 108 115
CPI Transportation 101.65
Index Points
101 102 103 105 110
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 5.00
percent
5 5 5.25 5.25 4.5
Money Supply M2 10517496.15
CRC Million
10428542 10182396 10061423 10130588 10244906
Foreign Exchange Reserves 8278.51
USD Million
6783 6500 6110 5798 3300
Deposit Interest Rate 1.21
percent
1.46 1.46 1.71 1.71 0.96
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -307.10
USD Million
-369 -376 -366 -368 -368
Exports 1048.30
USD Million
944 925 938 935 935
Imports 1355.40
USD Million
1314 1301 1302 1303 1303
Current Account -536.00
USD Million
-349 -428 -509 -470 -463
Current Account to GDP -3.00
percent
-4.88 -4.04 -5.09 -4.93 -4.26
External Debt 26884.60
USD Million
27000 27300 27500 28106 23000
Capital Flows -865.70
USD Million
-307 -307 -307 -307 -307
Remittances 36.63
USD Million
34.99 35.57 36.16 36.13 33.55
Gold Reserves 0.00
Tonnes
0 0 0 0 0
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 586.80
USD Million
820 840 870 620 950
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 65.10
percent
60.6 62.1 61 58.9 51.3
Government Budget -5.40
percent of GDP
-7 -7 -7 -4.67 -5.8
Government Budget Value -347901.80
CRC Million
4523502 5453677 4639844 5709962 -3274182
Government Spending 1162711.41
CRC Million
1168313 1161459 1204569 1159655 1295355
Government Revenues 682883.10
CRC Million
6935636 7602455 7909044 7837357 -1143665
Fiscal Expenditure 1030784.90
CRC Million
2412134 2148778 2123281 2127395 2130517
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 3.00
percent
2.62 2.67 2.7 2.73 2.79
Manufacturing Production 3.00
percent
4.5 4.6 4.5 0.57 4.6
Changes in Inventories 19755.90
CRC Million
20110 -2950 -14630 2785 -11400
Leading Economic Index 2.90
percent
3.8 3.8 3.8 2.73 4
Internet Speed 4091.66
KBps
4548 4666 4763 4854 5820
IP Addresses 531033.00
IP
523897 522321 519508 516824 479176
Mining Production -2.10
percent
1.14 1.44 1.61 1.7 1.79
Competitiveness Index 4.50
Points
4.45 4.45 4.45 4.45 4.45
Competitiveness Rank 47.00
50 50 50 50 50
Corruption Index 59.00
Points
57 58 58 58 55
Corruption Rank 38.00
37 37 37 37 37
Ease of Doing Business 61.00
61 61 61 61 61
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 4753800.64
CRC Million
4665687 4684042 4924937 4662524 5296120
Gasoline Prices 1.08
USD/Liter
1.03 0.97 0.92 0.87 0.6
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 34 34
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
9.26 9.26 9.26 9.3 9.28
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 191.73
mm
262 344 301 93.88 256
Temperature 24.61
celsius
26.33 25.65 24.93 25.77 26.23