Markets Actual Q4 Q1 Q2 Q3 2022
Stock Market (points) 11894.30 25500 25500 5726 5006 3564
Currency 629.10 630 632 634 636 640

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.50 0.7 0.5 0.6 0.6 0.5
GDP Annual Growth Rate (%) 7.90 3 2.4 2.8 2 3.2
Unemployment Rate (%) 18.10 16 15.1 15.1 15.1 13.8
Inflation Rate (%) 2.09 2 1.8 1.4 1.2 1
Interest Rate (%) 0.75 1 1.25 1.5 1.75 1.75
Balance of Trade (USD Million) -345.00 -370 -370 -370 -370 -390
Current Account (USD Million) -778.70 -795 -249 -465 -465 -603
Current Account to GDP (% of GDP) -2.40 -2.6 -2.7 -2.7 -2.7 -2.7
Government Debt to GDP (% of GDP) 79.26 76.3 75 75 75 75
Government Budget (% of GDP) -7.40 -8 -7 -7 -7 -7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 15 15 15 15 15

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.50 0.7 0.5 0.6 0.6 0.5
GDP Annual Growth Rate (%) 7.90 3 2.4 2.8 2 3.2
GDP (USD Billion) 61.52 60 60 60 60 61.5
GDP Constant Prices (CRC Million) 9002572.73 8916117 9011118 9254645 9182624 9201433
Gross Fixed Capital Formation (CRC Million) 1395115.20 1430507 1475902 1428598 1434178 1523130
GDP per capita (USD) 9619.72 9750 9900 9900 9900 9900
GDP per capita PPP (USD) 19679.29 19750 19850 19850 19850 19850
GDP From Agriculture (CRC Million) 426593.69 416037 414392 438538 435126 429351
GDP From Construction (CRC Million) 357041.71 340518 337641 367039 364183 351415
GDP From Manufacturing (CRC Million) 1239898.81 1172304 1180152 1274616 1264697 1209818
GDP From Mining (CRC Million) 26725.55 24373 25171 27474 27260 25152
GDP From Public Administration (CRC Million) 366480.53 380449 377898 376742 373810 392624
GDP From Services (CRC Million) 779857.72 744519 762819 803359 806497 787230
GDP From Transport (CRC Million) 353034.05 304948 318688 362919 360095 314706
GDP From Utilities (CRC Million) 233607.33 194937 222273 226375 227259 229385

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 18.10 16 15.1 15.1 15.1 13.8
Unemployed Persons 434201.00 280000 280000 280000 280000 280000
Minimum Wages (points) 5399.18 5600 5600 5600 5600 5600
Population (Million) 5.16 5.15 5.15 5.15 5.15 5.2
Labor Force Participation Rate (%) 59.50 62.9 62.9 62.9 62.9 62.7
Wages (CRC/Month) 723244.00 708000 708000 708000 708000 708000

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.09 2 1.8 1.4 1.2 1
Consumer Price Index CPI (points) 101.47 102 102 102 103 103
Producer Prices (points) 129.80 132 133 134 134 135
Core Inflation Rate (%) 1.49 2 2.2 2.4 2.1 1.8
Cpi Housing Utilities (points) 99.25 102 101 101 100 103
CPI Transportation (points) 110.84 111 111 111 111 112
Food Inflation (%) 2.70 1.5 1.5 1.5 1.5 1.5
Inflation Expectations (%) 1.12 3.3 3.3 3.3 3.3 3.5
Inflation Rate Mom (%) 0.63 0.1 0.1 0.1 0.2 0.2

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.75 1 1.25 1.5 1.75 1.75
Deposit Interest Rate (%) 2.58 2.83 3.08 3.33 3.58 3.58

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -345.00 -370 -370 -370 -370 -390
Current Account (USD Million) -778.70 -795 -249 -465 -465 -603
Current Account to GDP (% of GDP) -2.40 -2.6 -2.7 -2.7 -2.7 -2.7
Imports (USD Million) 1526.73 1270 1270 1270 1270 1290
Exports (USD Million) 1188.64 900 900 900 900 900
External Debt (USD Million) 32333.50 29000 29000 29000 29000 29000
Capital Flows (USD Million) -376.62 -425 -425 -425 -425 -642
Foreign Direct Investment (USD Million) 648.00 490 490 490 490 650

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 79.26 76.3 75 75 75 75
Government Budget (% of GDP) -7.40 -8 -7 -7 -7 -7
Government Budget Value (CRC Million) -1322402.66 -953287 -953287 -953287 -953287 -953287
Government Spending (CRC Million) 1451763.89 1579346 1607114 1492413 1480799 1629885

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 15 15 15 15 15
Sales Tax Rate (%) 9.00 13 13 13 13 13
Social Security Rate (%) 37.00 36.67 36.67 36.67 36.67 36.67
Social Security Rate For Companies (%) 26.50 26.33 26.33 26.33 26.33 26.33
Social Security Rate For Employees (%) 10.50 10.34 10.34 10.34 10.34 10.34

Business Actual Q4 Q1 Q2 Q3 2022
Industrial Production (%) 7.90 3 3 3 3 2.9
Manufacturing Production (%) 16.60 3.3 3.3 3.3 3.3 3.1
Leading Economic Index (%) 13.14 3.5 3.5 3.5 3.5 3.4
Industrial Production Mom (%) -0.30 0.8 0.8 0.8 0.8 0.7
Mining Production (%) 9.00 6 6 6 6 3.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (CRC Million) 5633326.70 5659177 5704828 5791060 5745993 5840271
Gasoline Prices (USD/Liter) 1.15 1.09 1.04 0.99 0.94 0.89

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 17.60 -1 -1 -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.