Costa Rica - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.40 1 1.4 1.4 1.3 1.3 percent
Unemployment Rate 10.30 10 9.9 9.6 9.5 9.4 percent
Inflation Rate 2.13 2.6 2.7 3 3.2 3.4 percent
Interest Rate 5.00 5 5.25 5.25 5 4.5 percent
Balance of Trade -482.30 -471 -457 -458 -459 -459 USD Million
Government Debt to GDP 65.10 62.1 66.5 58.9 53.6 68.2 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 31901.40
points
30600 30300 32739 32747 27100
Currency 565.00
570 575 580 585 604
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.40
percent
1 1.4 1.4 1.3 1.3
GDP Annual Growth Rate 2.55
percent
3.5 3.5 3.6 3 3.6
GDP 57.06
USD Billion
58.97 59.1 60 60 62
GDP Constant Prices 7117187.65
CRC Million
6866648 7347963 7373406 6973228 7894152
Gross Fixed Capital Formation 1232597.41
CRC Million
1230958 1444224 1276971 1289214 1551576
GDP per capita 9792.00
USD
10297 10297 10500 10500 10700
GDP per capita PPP 15524.99
USD
15737 15739 16300 16300 16770
Gdp From Agriculture 359544.29
CRC Million
334619 346438 372488 365442 372189
Gdp From Construction 295465.18
CRC Million
248103 319754 306102 288800 343522
Gdp From Manufacturing 873870.73
CRC Million
803023 889399 905330 805986 955509
Gdp From Mining 20133.98
CRC Million
17808 32774 20859 16956 35210
Gdp From Public Administration 276890.30
CRC Million
277769 284067 286858 281811 305182
Gdp From Services 667185.71
CRC Million
649363 737718 691204 669864 792554
Gdp From Transport 272224.20
CRC Million
271663 282991 282024 280253 304027
Gdp From Utilities 164168.66
CRC Million
176489 181037 170079 178511 194494
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 10.30
percent
10 9.9 9.6 9.5 9.4
Unemployed Persons 229082.00
235000 240000 231695 235757 230000
Minimum Wages 5089.29
Index Points
5089 5089 5089 5089 5089
Population 4.95
Million
5 5.01 5.03 5.04 5.19
Wages 607993.00
CRC/Month
670000 657000 700000 620272 708000
Wages High Skilled 763600.00
CRC/Month
775600 775600 775600 744334 790600
Wages Low Skilled 285600.00
CRC/Month
326274 326274 326274 308313 340351
Labor Force Participation Rate 57.70
percent
58.9 60 58.19 58.41 60.5
Living Wage Family 365500.00
CRC/Month
365500 365500 365500 365500 375500
Living Wage Individual 275600.00
CRC/Month
275600 275600 275600 275600 275600
Employed Persons 2004711.00
2020075 2048706 2035007 2033460 2025476
Employment Rate 51.80
percent
52.73 53.59 53.15 52.8 52.7
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.13
percent
2.6 2.7 3 3.2 3.4
Consumer Price Index CPI 103.03
Index Points
104 105 106 106 112
Producer Prices 113.13
Index Points
111 112 111 111 113
Inflation Expectations 3.70
percent
3.9 3.88 3.86 3.83 3.82
Inflation Rate Mom 0.18
percent
0.06 0.09 0.05 0.06 0.06
Food Inflation 1.40
percent
2.5 2.4 2.37 2.44 2.6
Cpi Housing Utilities 105.61
Index Points
104 107 108 109 115
CPI Transportation 103.70
Index Points
102 103 105 107 110
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.00
percent
5 5.25 5.25 5 4.5
Money Supply M2 10551375.84
CRC Million
10644476 10787931 10941251 11096009 12605288
Foreign Exchange Reserves 8278.51
USD Million
8632 8372 8585 8151 8348
Deposit Interest Rate 2.79
percent
2.79 3.04 3.04 2.79 2.29
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -482.30
USD Million
-471 -457 -458 -459 -459
Exports 929.00
USD Million
904 910 908 908 908
Imports 1439.90
USD Million
1375 1366 1366 1367 1367
Current Account -366.60
USD Million
-407 -492 -382 -302 -424
Current Account to GDP -3.00
percent
-4.04 -5.09 -4.93 -4.54 -3.85
External Debt 28537.10
USD Million
27300 27500 30012 30432 23000
Capital Flows -1544.28
USD Million
-752 -770 -965 -700 -726
Remittances 36.63
USD Million
35.87 35.9 36.19 36.48 36.7
Gold Reserves 0.00
Tonnes
0 0 0 0 0
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 586.80
USD Million
840 870 731 732 950
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 65.10
percent
62.1 66.5 58.9 53.6 68.2
Government Budget -5.40
percent of GDP
-7 -7 -5.45 -5.46 -5.8
Government Budget Value -895220.00
CRC Million
-984708 -898571 -931601 -934526 -924766
Government Spending 1151335.05
CRC Million
1160319 1203406 1192783 1183830 1292858
Government Revenues 1892988.40
CRC Million
2485187 2155565 2260954 2294178 2266444
Fiscal Expenditure 2788208.40
CRC Million
3469894 3028103 3192556 3228704 3191209
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 2.80
percent
2.92 2.89 2.89 2.91 2.9
Manufacturing Production 3.00
percent
4.6 4.5 2.37 2.32 4.6
Changes in Inventories 19755.90
CRC Million
-2950 -14630 11036 7344 -11400
Leading Economic Index 2.80
percent
3.1 3.4 3.5 3.5 3.6
Internet Speed 4091.66
KBps
4666 4763 4854 4953 5820
IP Addresses 531033.00
IP
539978 542595 548064 548928 559884
Mining Production -0.20
percent
-0.05 -0.05 -0.05 -0.05 -0.05
Competitiveness Index 4.50
Points
4.37 4.37 4.49 4.53 4.53
Competitiveness Rank 47.00
55 55 48 46 51
Corruption Index 59.00
Points
59 59 60 60 62
Corruption Rank 38.00
38 38 38 38 38
Ease of Doing Business 61.00
61 60 60 60 60
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 4674312.75
CRC Million
4679443 4904860 4842588 4727652 5269449
Gasoline Prices 1.14
USD/Liter
1.08 1.02 0.96 0.91 0.65
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 15.00
percent
15 15 15 15 15
Sales Tax Rate 13.00
percent
13 13 13 13 13
Social Security Rate 35.67
percent
35.67 35.67 34 34 34
Social Security Rate For Companies 26.33
percent
25.1 25.1 25.09 25.09 25.22
Social Security Rate For Employees 9.34
percent
9.28 9.28 9.32 9.34 9.4
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 191.73
mm
344 301 93.88 250 256
Temperature 24.61
celsius
25.65 24.93 25.77 25.25 26.23