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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 4.40 1.5 1.5 1.6 1.6 1.7 percent
Unemployment Rate 9.40 9.6 9.6 9.7 9.7 9.4 percent
Inflation Rate 2.56 2.4 2.7 2.8 3.1 3.4 percent
Interest Rate 4.75 4.5 4.5 4.5 4.5 4.5 percent
Balance of Trade -625.40 -530 -516 -499 -482 -385 USD Million
Government Debt to GDP 62.00 61.85 62.1 62.35 62.6 58.9 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Stock Market 31901.40
points
31300 30900 30600 30300 27100
Currency 565.00
576 587 598 609 657
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 4.40
percent
1.5 1.5 1.6 1.6 1.7
GDP Annual Growth Rate 2.98
percent
3.9 3.7 3.8 3.8 3.6
GDP 57.44
USD Billion
57.67 58.15 58.62 59.1 64
GDP Constant Prices 678680.40
CRC Million
684530 680334 680094 682693 680468
Gross Fixed Capital Formation 122402.00
CRC Million
124883 121791 122712 124547 122847
GDP per capita 9714.10
USD
9660 9742 9823 9905 10336
GDP per capita PPP 15401.50
USD
15327 15453 15579 15800 16770
Gdp From Agriculture 324275.74
CRC Million
343391 348031 334677 325000 330000
Gdp From Construction 238553.35
CRC Million
288000 293000 295000 297000 300000
Gdp From Manufacturing 796345.27
CRC Million
845286 790846 796454 845645 833679
Gdp From Mining 16242.40
CRC Million
20311 15598 16519 26805 25055
Gdp From Public Administration 274441.20
CRC Million
273974 274000 273906 273748 272867
Gdp From Transport 277253.60
CRC Million
280302 281544 280884 281088 278920
Gdp From Utilities 174529.40
CRC Million
173975 174382 173900 173552 171792
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 9.40
percent
9.6 9.6 9.7 9.7 9.4
Unemployed Persons 213816.00
230000 222000 235000 240000 230000
Minimum Wages 4968.51
Index Points
4968 4967 4966 4965 4958
Population 4.91
Million
4.91 4.92 4.94 4.95 5.07
Wages 639761.00
CRC/Month
603946 597959 592826 587872 558414
Wages High Skilled 763600.00
CRC/Month
758644 758025 757405 756786 755055
Wages Low Skilled 285600.00
CRC/Month
302693 310554 318414 326274 322078
Labor Force Participation Rate 59.40
percent
59.1 58.7 58.9 60 60.5
Living Wage Family 365500.00
CRC/Month
365500 365500 365500 365500 365500
Living Wage Individual 275600.00
CRC/Month
275600 275600 275600 275600 275600
Employed Persons 2068710.00
2042845 2035295 2030053 2025634 2003749
Employment Rate 53.80
percent
54.2 54.52 54.68 54.72 54.83
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 2.56
percent
2.4 2.7 2.8 3.1 3.4
Consumer Price Index CPI 102.45
Index Points
102 102 102 102 104
Producer Prices 111.13
Index Points
111 111 111 112 113
Inflation Rate Mom 0.47
percent
0.64 0.78 0.88 0.95 1.11
Food Inflation 3.49
percent
2.3 2.4 2.5 2.4 2.6
Cpi Housing Utilities 104.51
Index Points
105 105 105 105 103
CPI Transportation 100.47
Index Points
101 100 99.7 99.26 96.19
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.75
percent
4.5 4.5 4.5 4.5 4.5
Money Supply M2 10514053.35
CRC Million
10681313 10756846 10789933 10802133 10753656
Foreign Exchange Reserves 6813.42
USD Million
6338 5996 5566 5216 3122
Deposit Interest Rate 1.21
percent
3.23 2.98 2.73 2.48 2.87
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -625.40
USD Million
-530 -516 -499 -482 -385
Exports 916.50
USD Million
884 871 859 847 769
Imports 1542.00
USD Million
1426 1430 1426 1420 1378
Current Account -409.30
USD Million
-429 -361 -377 -420 -371
Current Account to GDP -3.30
percent
-4.18 -4.04 -3.89 -3.75 -4.93
External Debt 26227.50
USD Million
26800 27000 27300 27500 23000
Capital Flows -613.20
USD Million
-356 -296 -478 -406 -425
Remittances 36.63
USD Million
34.4 34.99 35.57 36.16 34.41
Gold Reserves 0.00
Tonnes
0 0 0 0 0.01
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 772.50
USD Million
790 820 840 870 950
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 62.00
percent
61.85 62.1 62.35 62.6 58.9
Government Budget -4.60
percent of GDP
-7 -7 -7 -7 -5.8
Government Budget Value -1527971.70
CRC Million
-990000 -900000 -880000 -875000 -700000
Government Spending 113793.50
CRC Million
120000 118000 110000 116469 114900
Government Revenues 3714586.20
CRC Million
1385564 1525330 1620648 1608191 1599611
Fiscal Expenditure 5242557.90
CRC Million
2184132 2018408 2054598 2071731 2072465
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 3.20
percent
3.49 3.45 3.3 3.54 4.01
Manufacturing Production 4.00
percent
4.4 4.5 4.6 4.5 4.6
Changes in Inventories 19755.90
CRC Million
18550 20110 -2950 -14630 -11400
Leading Economic Index 2.30
percent
4.3 3.8 3.8 3.8 4
Internet Speed 4091.66
KBps
4240 4246 4263 4228 3900
IP Addresses 531033.00
IP
525462 523897 522321 519508 493340
Mining Production -6.10
percent
-1.68 -0.17 0.67 1.12 1.57
Competitiveness Index 4.50
Points
4.37 4.37 4.37 4.37 4.54
Competitiveness Rank 47.00
55 55 55 55 49
Ease of Doing Business 61.00
64 64 64 63 68
Corruption Index 58.00
Points
55 55 56 56 54
Corruption Rank 41.00
40 39 38 38 36
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 465674.60
CRC Million
455000 450000 452000 445000 455000
Gasoline Prices 1.06
USD/Liter
1.03 1.03 1.03 1.03 1.01
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 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
34 34 34 34 34
Social Security Rate For Companies 26.33
percent
24.78 24.77 24.77 24.76 25.13
Social Security Rate For Employees 9.34
percent
9.16 9.17 9.18 9.18 9.21
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 191.73
mm
93.69 262 344 301 256
Temperature 24.61
celsius
25.72 26.33 25.65 24.93 26.23