Labor Force Participation Rate in Costa Rica decreased to 62.40 percent in the first quarter of 2019 from 62.90 percent in the fourth quarter of 2018. Labor Force Participation Rate in Costa Rica averaged 60.76 percent from 2010 until 2019, reaching an all time high of 63.70 percent in the first quarter of 2012 and a record low of 56.80 percent in the second quarter of 2011. source: Instituto Nacional de Estadística y Censos de Costa Rica

Labor Force Participation Rate in Costa Rica is expected to be 62.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Costa Rica to stand at 63.20 in 12 months time. In the long-term, the Costa Rica Labor Force Participation Rate is projected to trend around 63.00 percent in 2020, according to our econometric models.

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Costa Rica Labor Force Participation Rate
Actual Previous Highest Lowest Dates Unit Frequency
63.00 62.40 63.70 56.80 2010 - 2019 percent Quarterly

Costa Rica Labor Force Participation Rate
The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.

Costa Rica Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.40 11.90 12.00 8.30 percent [+]
Unemployed Persons 278108.00 295580.00 295580.00 38708.00 [+]
Minimum Wages 5241.05 5241.05 5241.05 7.53 points [+]
Population 5.00 4.95 5.00 1.33 Million [+]
Wages 689593.00 657088.00 792836.00 357554.00 CRC/Month [+]
Wages High Skilled 748700.00 762500.00 762500.00 728400.00 CRC/Month [+]
Wages Low Skilled 296600.00 298000.00 339500.00 296600.00 CRC/Month [+]
Labor Force Participation Rate 63.00 62.40 63.70 56.80 percent [+]
Living Wage Family 331800.00 331800.00 331800.00 331800.00 CRC/Month [+]
Living Wage Individual 209000.00 209000.00 209000.00 209000.00 CRC/Month [+]
Employed Persons 2162613.00 2183195.00 2183195.00 1765039.00 [+]
Employment Rate 54.73 55.46 57.79 51.16 percent [+]