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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 10.3 9.6 9.7 9.7 9.7 9.4
Unemployed Persons 229082 222000 235000 240000 206336 230000
Minimum Wages 5089 4968 4992 4993 4989 4990
Population 4.95 4.94 4.95 4.97 4.98 5.21
Wages 607993 645000 670000 657000 700000 708000
Wages High Skilled 763600 775600 775600 775600 775600 790600
Wages Low Skilled 285600 326274 326274 326274 326274 340351
Labor Force Participation Rate 57.7 58.7 58.9 60 59.77 60.5
Living Wage Family 365500 365500 365500 365500 365500 375500
Living Wage Individual 275600 275600 275600 275600 275600 275600
Employed Persons 2004711 2045246 2048716 2047912 2048098 2048063
Employment Rate 51.8 52.21 52.83 53.67 53.17 52.78