Labor Force Participation Rate in Costa Rica increased to 63.40 percent in the first quarter of 2020 from 62.90 percent in the fourth quarter of 2019.

Labor Force Participation Rate in Costa Rica averaged 60.97 percent from 2010 until 2020, reaching an all time high of 63.70 percent in the first quarter of 2012 and a record low of 56.80 percent in the second quarter of 2011. This page provides - Costa Rica Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Costa Rica Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2020. source: Instituto Nacional de Estadística y Censos de Costa Rica

Labor Force Participation Rate in Costa Rica is expected to be 63.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Costa Rica to stand at 63.00 in 12 months time. In the long-term, the Costa Rica Labor Force Participation Rate is projected to trend around 62.90 percent in 2021 and 62.70 percent in 2022, according to our econometric models.

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Costa Rica Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
63.40 62.90 63.70 56.80 2010 - 2020 percent Quarterly

Costa Rica Labour Last Previous Highest Lowest Unit
Unemployment Rate 24.00 12.50 24.00 8.30 percent [+]
Unemployed Persons 551373.00 314153.00 551373.00 38708.00 [+]
Minimum Wages 5376.28 5376.28 5376.28 7.53 points [+]
Population 5.06 5.00 5.06 1.33 Million [+]
Wages 653164.00 651003.00 792836.00 357554.00 CRC/Month [+]
Labor Force Participation Rate 63.40 62.90 63.70 56.80 percent [+]
Employed Persons 1745257.00 2208175.00 2208175.00 1745257.00 [+]
Employment Rate 43.74 55.50 57.79 43.74 percent [+]


Costa Rica Labor Force Participation Rate
The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.