Markets Actual Q1 Q2 Q3 Q4 2021
Stock Market (points) 9535.20 9461 9387 9314 9242 9097
Currency 572.00 564 567 570 573 578

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 2.20 1 1 1.4 1.5 1.8
GDP Annual Growth Rate (%) 1.90 2.5 2.6 2.4 2.6 3
Unemployment Rate (%) 12.40 11.9 11.7 11.5 11.5 11.4
Inflation Rate (%) 1.58 1.8 2.3 2.6 2.8 2.8
Interest Rate (%) 2.25 2.25 2.25 2.25 2 2.5
Balance of Trade (USD Million) -402.80 -340 -360 -315 -390 -370
Current Account to GDP (%) -3.10 -3.7 -3.7 -3.7 -3.7 -3.8
Government Debt to GDP (%) 69.60 68 68 68 68 65
Government Budget (% of GDP) -5.90 -5 -5 -5 -5 -5.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 2.20 1 1 1.4 1.5 1.8
GDP Annual Growth Rate (%) 1.90 2.5 2.6 2.4 2.6 3
GDP (USD Billion) 60.13 62 62 62 62 63
GDP Constant Prices (CRC Million) 7242984.20 7257898 7287464 7329900 7431302 7654241
Gross Fixed Capital Formation (CRC Million) 1219723.20 1305774 1267079 1234360 1251436 1288979
GDP per capita (USD) 9892.64 10500 10500 10500 10500 10700
GDP per capita PPP (USD) 15684.57 16770 16770 16770 16770 16770
GDP From Agriculture (CRC Million) 350286.27 351148 352602 354490 359394 370176
GDP From Construction (CRC Million) 270661.61 310145 290346 273910 277699 286030
GDP From Manufacturing (CRC Million) 858097.48 855552 864534 868395 880408 906820
GDP From Mining (CRC Million) 18903.21 19625 19442 19130 19395 19977
GDP From Public Administration (CRC Million) 278279.63 281363 281534 281619 285515 294080
GDP From Services (CRC Million) 679452.42 687819 688190 687606 697118 718032
GDP From Transport (CRC Million) 278116.37 279812 280766 281454 285347 293908
GDP From Utilities (CRC Million) 174562.19 179648 179012 176657 179101 184474

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 12.40 11.9 11.7 11.5 11.5 11.4
Unemployed Persons 309465.00 276000 278500 282000 286000 280000
Minimum Wages (points) 5376.28 5400 5400 5400 5400 5600
Population (Million) 5.00 5.03 5.04 5.04 5.1 5.15
Wages (CRC/Month) 681398.00 688000 688000 688000 708000 708000
Wages High Skilled (CRC/Month) 748700.00 775600 775600 775600 790600 800000
Wages Low Skilled (CRC/Month) 296600.00 326274 326274 326274 340351 362077
Labor Force Participation Rate (%) 62.90 63 63.2 63.3 63.3 62.9
Living Wage Family (CRC/Month) 331800.00 331800 331800 331800 375500 395500

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.58 1.8 2.3 2.6 2.8 2.8
Consumer Price Index CPI (points) 106.23 106 108 109 109 112
Producer Prices (points) 115.64 114 114 114 115 115
Inflation Expectations (%) 3.20 3.3 3.4 3.5 3.5 3.7
Inflation Rate Mom (%) 0.11 0.2 0.2 0.1 0.1 0.1
Food Inflation (%) -0.34 2.1 2.1 2.3 2.6 2.6
Cpi Housing Utilities (points) 111.43 109 111 113 113 116
CPI Transportation (points) 106.20 107 110 110 109 112

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 2.25 2.25 2.25 2.25 2 2.5
Deposit Interest Rate (%) 4.02 4.02 4.02 4.02 3.77 4.27

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -402.80 -340 -360 -315 -390 -370
Current Account to GDP (%) -3.10 -3.7 -3.7 -3.7 -3.7 -3.8
Imports (USD Million) 1265.51 1430 1330 1215 1260 1270
Exports (USD Million) 862.70 1090 970 900 870 900
External Debt (USD Million) 28932.50 29000 29350 29925 29000 29000
Capital Flows (USD Million) -301.02 -486 -451 -380 -380 -642
Foreign Direct Investment (USD Million) 593.30 420 280 400 650 650

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 69.60 68 68 68 68 65
Government Budget (% of GDP) -5.90 -5 -5 -5 -5 -5.3
Government Budget Value (CRC Million) -2524255.17 -949997 -949997 -949997 -953625 -953287
Government Spending (CRC Million) 1203286.90 1201632 1207001 1217726 1234572 1271610

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 15.00 15 15 15 15 15
Sales Tax Rate (%) 13.00 13 13 13 13 13
Social Security Rate (%) 36.67 36.67 36.67 36.67 36.67 36.67
Social Security Rate For Companies (%) 26.33 26.33 26.33 26.33 26.33 26.33
Social Security Rate For Employees (%) 10.34 10.34 10.34 10.34 10.34 10.34

Business Actual Q1 Q2 Q3 Q4 2021
Industrial Production (%) 2.90 2.3 2.5 2.2 2.4 2.7
Manufacturing Production (%) 3.50 2.5 2.7 2.5 2.3 2.9
Leading Economic Index (%) 3.20 3.1 3.3 3.4 3.3 3.6
Industrial Production Mom (%) 0.20 0.3 0.2 0.5 0.6 0.8
Mining Production (%) -2.60 -2.3 -2 -1.5 0.5 1.1

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Spending (CRC Million) 4806910.00 4841535 4858281 4864593 4931890 5079846
Gasoline Prices (USD/Liter) 1.06 0.95 0.97 0.99 1.03 1.03

Housing Actual Q1 Q2 Q3 Q4 2021
Construction Output (%) -11.90 -11.3 -10.2 -8 -4 4


This page has economic forecasts for Costa Rica including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Costa Rica economy.