Minimum Wages in Costa Rica remained unchanged at 5241.05 points in December from 5241.05 points in November of 2019. Minimum Wages in Costa Rica averaged 1486.73 points from 1970 until 2019, reaching an all time high of 5241.05 points in January of 2019 and a record low of 7.53 points in February of 1970.

Minimum Wages in Costa Rica is expected to be 5400.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Costa Rica to stand at 5400.00 in 12 months time. In the long-term, the Costa Rica Minimum Monthly Wages is projected to trend around 5600.00 points in 2020, according to our econometric models.

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Costa Rica Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
5241.05 5241.05 5241.05 7.53 1970 - 2019 points Monthly
1984=100, NSA
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 [+]