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.