Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 7335.13 7224 7114 7006 6899 6687
Currency 615.65 619 622 625 628 633

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.00 1.3 1.1 0.8 0.8 1
GDP Annual Growth Rate (%) -3.70 7 5.7 3 2.4 3.2
Unemployment Rate (%) 18.50 22.5 18 16 15.1 13.8
Inflation Rate (%) 0.47 0.8 1 1.3 1.2 2
Interest Rate (%) 0.75 0.75 1 1.25 1.5 1.75
Balance of Trade (USD Million) -200.57 -430 -380 -430 -430 -430
Current Account to GDP (%) -2.40 -2.6 -2.6 -2.6 -2.7 -2.7
Government Debt to GDP (%) 79.26 88 88 88 88 89
Government Budget (% of GDP) -7.40 -7.5 -7.5 -7.5 -7.5 -6.3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 15.00 15 15 15 15 15

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.00 1.3 1.1 0.8 0.8 1
GDP Annual Growth Rate (%) -3.70 7 5.7 3 2.4 3.2
GDP (USD Billion) 61.77 60 60 60 60 61.5
GDP Constant Prices (CRC Million) 8864118.79 8662039 8633656 9130042 9076858 9422204
Gross Fixed Capital Formation (CRC Million) 1447166.10 1274794 1259306 1227138 1219990 1266406
GDP per capita (USD) 10046.95 9850 9850 9850 9850 9900
GDP per capita PPP (USD) 19642.42 19200 19200 19200 19200 19400
GDP From Agriculture (CRC Million) 388377.16 428689 410069 400028 397698 412829
GDP From Construction (CRC Million) 315606.79 394173 330352 325075 323181 335477
GDP From Manufacturing (CRC Million) 1196457.95 999769 1104471 1232352 1225173 1271787
GDP From Mining (CRC Million) 23677.64 22439 22090 24388 24246 25168
GDP From Public Administration (CRC Million) 370481.50 298091 293572 381596 379373 393807
GDP From Services (CRC Million) 713204.73 604365 601911 734601 730322 758108
GDP From Transport (CRC Million) 299780.05 204329 199662 308773 306975 318654
GDP From Utilities (CRC Million) 210041.31 179851 178171 216343 215082 223266

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 18.50 22.5 18 16 15.1 13.8
Unemployed Persons 457999.00 286000 286000 280000 280000 280000
Minimum Wages (points) 5399.18 5400 5400 5600 5600 5600
Population (Million) 5.16 5.1 5.1 5.15 5.15 5.2
Labor Force Participation Rate (%) 60.80 63 63 62.9 62.9 62.7
Wages (CRC/Month) 680532.00 708000 708000 708000 708000 708000

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 0.47 0.8 1 1.3 1.2 2
Consumer Price Index CPI (points) 99.95 99.67 100 101 101 103
Producer Prices (points) 121.95 115 115 115 115 115
Cpi Housing Utilities (points) 99.43 102 102 101 101 103
CPI Transportation (points) 105.27 98.8 102 101 107 103
Food Inflation (%) 0.47 0.6 0.9 1.5 1.5 1.5
Inflation Expectations (%) 2.90 3.1 3.2 3.3 3.3 3.5
Inflation Rate Mom (%) 0.03 0.2 0.1 0.1 0.1 0.2

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.75 0.75 1 1.25 1.5 1.75
Deposit Interest Rate (%) 2.58 4.64 4.89 5.14 5.39 5.39

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -200.57 -430 -380 -430 -430 -430
Current Account to GDP (%) -2.40 -2.6 -2.6 -2.6 -2.7 -2.7
Imports (USD Million) 1458.80 1450 1450 1270 1270 1290
Exports (USD Million) 1258.23 1070 1070 900 900 900
External Debt (USD Million) 31823.20 29000 29000 29000 29000 29000
Capital Flows (USD Million) 466.72 -180 -425 -425 -425 -642
Foreign Direct Investment (USD Million) 611.40 590 490 490 490 650

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 79.26 88 88 88 88 89
Government Budget (% of GDP) -7.40 -7.5 -7.5 -7.5 -7.5 -6.3
Government Budget Value (CRC Million) -451174.50 -953625 -953625 -953287 -953287 -953287
Government Spending (CRC Million) 1524899.00 1281564 1265993 1233655 1226469 1273132

Taxes Actual Q2 Q3 Q4 Q1 2022
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 Q2 Q3 Q4 Q1 2022
Industrial Production (%) -4.70 6.5 5 3 3 2.9
Manufacturing Production (%) 2.40 3.5 3.7 3.3 3.3 3.1
Leading Economic Index (%) -4.70 4 3.5 3.5 3.5 3.4
Industrial Production Mom (%) -0.30 0.5 0.5 0.8 0.8 0.7
Mining Production (%) 1.10 13 10.5 6 6 3.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (CRC Million) 5665057.80 4594760 4538935 4422993 4397228 4564529
Gasoline Prices (USD/Liter) 1.12 0.87 0.83 0.78 0.75 0.71

Housing Actual Q2 Q3 Q4 Q1 2022
Construction Output (%) -8.10 -4 -3.7 -1 -1 -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.