Costa Rica Unemployment Rate  Forecast


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Unemployment Rate in Costa Rica is expected to be 9.40 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 9.30 percent in 2020, according to our econometric models.


Costa Rica Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 9.4 9.4 9.8 9.8 9.7 9.3
Unemployed Persons 213816 204699 204891 208239 204497 197253
Minimum Wages 4969 4968 4967 4966 4965 4957
Population 4.91 4.95 4.96 4.98 4.99 5.07
Wages 586302 592093 585575 580563 575883 546560
Wages High Skilled 763600 759264 758025 757405 756786 755055
Wages Low Skilled 285600 294833 310554 318414 326274 322078
Labor Force Participation Rate 59.4 59.81 60.18 60.44 60.59 60.76
Living Wage Family 365500 365500 365500 365500 365500 365500
Living Wage Individual 275600 275600 275600 275600 275600 275600
Employed Persons 2068710 2054774 2042845 2035295 2030053 2003749
Employment Rate 53.8 53.91 54.2 54.52 54.68 54.83