Markets Actual Q4 Q1 Q2 Q3 2021
Stock Market (points) 7760.72 7643 7526 7412 7300 7075
Currency 597.00 604 607 610 613 618

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.30 1.5 1.7 1.3 1.1 0.8
GDP Annual Growth Rate (%) -8.60 -5 1.5 7 5.5 2.5
Unemployment Rate (%) 22.00 23 21 19 18 16
Inflation Rate (%) 0.45 0.4 0.6 0.8 1 1.3
Interest Rate (%) 0.75 0.75 0.75 0.75 1 1.25
Balance of Trade (USD Million) -187.19 -430 -380 -380 -380 -430
Current Account to GDP (%) -2.50 -3.7 -3.8 -3.8 -3.8 -3.8
Government Debt to GDP (%) 77.47 87 88 88 88 88
Government Budget (% of GDP) -5.70 -8.5 -7.5 -7.5 -7.5 -7.5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.30 1.5 1.7 1.3 1.1 0.8
GDP Annual Growth Rate (%) -8.60 -5 1.5 7 5.5 2.5
GDP (USD Billion) 61.77 58.5 60 60 60 60
GDP Constant Prices (CRC Million) 6624770.82 6994984 7336568 7088505 6989133 7169859
Gross Fixed Capital Formation (CRC Million) 1191396.10 1146948 1211885 1274794 1256923 1175622
GDP per capita (USD) 10046.95 9510 9850 9850 9850 9850
GDP per capita PPP (USD) 19642.42 18900 19200 19200 19200 19200
GDP From Agriculture (CRC Million) 339466.00 326703 347171 363229 358137 334870
GDP From Construction (CRC Million) 281651.96 264264 280918 301368 297143 270871
GDP From Manufacturing (CRC Million) 772715.70 824939 893414 826806 815215 845563
GDP From Mining (CRC Million) 14683.20 18301 19576 15711 15491 18759
GDP From Public Administration (CRC Million) 278589.53 265456 283412 298091 293912 272092
GDP From Services (CRC Million) 564826.65 640899 682306 604365 595892 656922
GDP From Transport (CRC Million) 190961.52 265950 280207 204329 201464 272599
GDP From Utilities (CRC Million) 168084.97 169023 180970 179851 177330 173249

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 22.00 23 21 19 18 16
Unemployed Persons 520237.00 286000 286000 286000 286000 280000
Minimum Wages (points) 5376.28 5400 5400 5400 5400 5600
Population (Million) 5.06 5.1 5.1 5.1 5.1 5.15
Labor Force Participation Rate (%) 57.60 63.3 63 63 63 62.9
Wages (CRC/Month) 691807.00 708000 708000 708000 708000 708000

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.45 0.4 0.6 0.8 1 1.3
Consumer Price Index CPI (points) 106.50 107 107 107 107 108
Producer Prices (points) 117.41 115 115 115 115 115
Inflation Expectations (%) 2.90 2.9 3 3.1 3.2 3.3
Inflation Rate Mom (%) 0.08 0.1 0.3 0.2 0.1 0.1
Food Inflation (%) 0.31 -0.3 0.2 0.6 0.9 1.5
Cpi Housing Utilities (points) 109.82 110 112 112 112 112
CPI Transportation (points) 107.96 106 106 105 109 108

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.75 0.75 0.75 0.75 1 1.25
Deposit Interest Rate (%) 4.64 3.04 4.64 4.64 4.64 2.79

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -187.19 -430 -380 -380 -380 -430
Current Account to GDP (%) -2.50 -3.7 -3.8 -3.8 -3.8 -3.8
Imports (USD Million) 1169.08 1260 1450 1450 1450 1270
Exports (USD Million) 981.89 870 1070 1070 1070 900
External Debt (USD Million) 30667.00 29000 29000 29000 29000 29000
Capital Flows (USD Million) -555.10 250 -180 -180 -425 -642
Foreign Direct Investment (USD Million) 256.90 530 530 590 490 650

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 77.47 87 88 88 88 88
Government Budget (% of GDP) -5.70 -8.5 -7.5 -7.5 -7.5 -7.5
Government Budget Value (CRC Million) -2327127.97 -953625 -953625 -953625 -953625 -953287
Government Spending (CRC Million) 1197723.20 1140278 1216316 1281564 1263598 1168785

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Industrial Production (%) -7.70 -4.5 2.3 6.5 5 3
Manufacturing Production (%) -4.10 -1.5 2.1 3.5 3.7 3.3
Leading Economic Index (%) -7.90 -0.8 0.5 4 3.5 3.6
Industrial Production Mom (%) 1.40 0.1 0.3 0.5 0.5 0.8
Mining Production (%) -15.50 -8.5 -5.8 13 10.5 6

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (CRC Million) 4294167.90 4623841 4944222 4594760 4530347 4739437
Gasoline Prices (USD/Liter) 0.95 0.83 0.87 0.82 0.78 0.78

Housing Actual Q4 Q1 Q2 Q3 2021
Construction Output (%) -13.50 -10 -7 -5 -5 -1


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.