Unemployment Rate in Costa Rica decreased to 11.40 percent in the third quarter of 2019 from 11.90 percent in the second quarter of 2019. Unemployment Rate in Costa Rica averaged 9.82 percent from 2010 until 2019, reaching an all time high of 12 percent in the fourth quarter of 2018 and a record low of 8.30 percent in the fourth quarter of 2013. source: Instituto Nacional de Estadística y Censos de Costa Rica

Unemployment Rate in Costa Rica is expected to be 11.30 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 11.50 in 12 months time. In the long-term, the Costa Rica Unemployment Rate is projected to trend around 11.40 percent in 2020, according to our econometric models.

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Costa Rica Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.40 11.90 12.00 8.30 2010 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-02-04 05:00 PM Q4 12% 10.2% 9.50%
2019-05-03 11:00 PM Q1 11.3% 12% 9.30%
2019-08-01 10:00 PM Q2 11.9% 11.3% 10.7%
2019-11-01 02:50 PM Q3 11.4% 11.9% 11.5%
2020-01-30 05:00 PM Q4 11.4% 11.7%
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News Stream
2019-05-03
Costa Rica Unemployment Rate Rises to 11.3%
The unemployment rate in Costa Rica rose to 11.3 percent in the first quarter of 2019 from 10.3 percent in the same period in the previous year, as the number of unemployed increased by 47.2 thousand to 276.3 thousand, while employment advanced 167.1 thousand to 2.171 million. The employment rate went up to 55.4 percent from 51.8 percent a year earlier, and the activity rate rose to 62.4 percent from 57.7 percent.


Costa Rica Unemployment Rate
In Costa Rica, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

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 [+]