Employment Rate in Costa Rica decreased to 43.74 percent in the second quarter of 2020 from 55.50 percent in the first quarter of 2020.

Employment Rate in Costa Rica averaged 54.60 percent from 2010 until 2020, reaching an all time high of 57.79 percent in the fourth quarter of 2013 and a record low of 43.74 percent in the second quarter of 2020. This page provides - Costa Rica Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Costa Rica Employment Rate - values, historical data and charts - was last updated on October of 2020.

Employment Rate in Costa Rica is expected to be 52.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Costa Rica to stand at 54.04 in 12 months time. In the long-term, the Costa Rica Employment Rate is projected to trend around 53.37 percent in 2021 and 53.88 percent in 2022, according to our econometric models.

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Costa Rica Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
43.74 55.50 57.79 43.74 2010 - 2020 percent Quarterly
NSA

Costa Rica Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.20 24.00 24.00 8.30 percent [+]
Unemployed Persons 551373.00 314153.00 551373.00 38708.00 [+]
Minimum Wages 5376.28 5376.28 5376.28 7.53 points [+]
Population 5.06 5.00 5.06 1.33 Million [+]
Wages 653164.00 651003.00 792836.00 357554.00 CRC/Month [+]
Labor Force Participation Rate 63.40 62.90 63.70 56.80 percent [+]
Employed Persons 1745257.00 2208175.00 2208175.00 1745257.00 [+]
Employment Rate 43.74 55.50 57.79 43.74 percent [+]


Costa Rica Employment Rate
In Costa Rica, the employment rate measures the number of people who have a job as a percentage of the working age population.