Unemployment Rate in Costa Rica decreased to 23.20 percent in the third quarter of 2020 from 24 percent in the second quarter of 2020. source: Instituto Nacional de Estadística y Censos de Costa Rica

Unemployment Rate in Costa Rica averaged 10.63 percent from 2010 until 2020, reaching an all time high of 24 percent in the second quarter of 2020 and a record low of 8.30 percent in the fourth quarter of 2013. This page provides - Costa Rica Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Costa Rica Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Costa Rica is expected to be 23.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Costa Rica to stand at 18.00 in 12 months time. In the long-term, the Costa Rica Unemployment Rate is projected to trend around 16.00 percent in 2021 and 13.80 percent in 2022, according to our econometric models.

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Costa Rica Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
23.20 24.00 24.00 8.30 2010 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-01 02:50 PM Q3 11.4% 11.9% 11.5%
2020-02-06 05:30 PM Q4 12.4% 11.4% 11.7%
2020-05-08 05:00 PM Q1 12.5% 12.4% 12.5%
2020-08-06 10:00 PM Q2 24% 12.5% 12.7%
2020-10-29 10:00 PM Q3 24% 23.5%


Costa Rica Unemployment Rate
In Costa Rica, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.