Costa Rica Unemployment Rate - Forecast

Unemployment Rate in Costa Rica is expected to be 9.60 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 9.70 in 12 months time. In the long-term, the Costa Rica Unemployment Rate is projected to trend around 9.40 percent in 2020, according to our econometric models.


Costa Rica Unemployment Rate
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Costa Rica Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 9.4 9.6 9.6 9.7 9.7 9.4
Unemployed Persons 213816 230000 222000 235000 240000 230000
Minimum Wages 4969 4968 4967 4966 4965 4954
Population 4.91 4.91 4.92 4.94 4.95 5.07
Wages 639761 603946 597959 592826 587872 548838
Wages High Skilled 763600 758644 758025 757405 756786 755055
Wages Low Skilled 285600 302693 310554 318414 326274 322078
Labor Force Participation Rate 59.4 59.1 58.7 58.9 60 60.5
Living Wage Family 365500 365500 365500 365500 365500 365500
Living Wage Individual 275600 275600 275600 275600 275600 275600
Employed Persons 2068710 2042845 2035295 2030053 2025634 2003749
Employment Rate 53.8 54.2 54.52 54.68 54.72 54.83