Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 8674.57 7493 25500 5726 5006 3564
Currency 619.15 620 622 624 627 631

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.50 1.1 0.8 0.8 0.8 1
GDP Annual Growth Rate (%) -1.30 5.7 3 2.4 2.8 3.2
Unemployment Rate (%) 18.50 18 16 15.1 15.1 13.8
Inflation Rate (%) 1.97 1.7 1.8 2.5 2.6 2
Interest Rate (%) 0.75 1 1.25 1.5 1.5 1.75
Balance of Trade (USD Million) -410.29 -380 -370 -370 -370 -390
Current Account (USD Million) -467.08 -795 -795 -249 -465 -603
Current Account to GDP (% of GDP) -2.40 -2.6 -2.6 -2.7 -2.7 -2.7
Government Debt to GDP (% of 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 (%) 25.00 15 15 15 15 15

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.50 1.1 0.8 0.8 0.8 1
GDP Annual Growth Rate (%) -1.30 5.7 3 2.4 2.8 3.2
GDP (USD Billion) 61.52 60 60 60 60 61.5
GDP Constant Prices (CRC Million) 8799920.22 8944151 8916117 9011118 9046318 9201433
Gross Fixed Capital Formation (CRC Million) 1395115.20 1550949 1475902 1428598 1434178 1523130
GDP per capita (USD) 9619.72 9850 9850 9850 9850 9900
GDP per capita PPP (USD) 19679.29 19200 19200 19200 19200 19400
GDP From Agriculture (CRC Million) 404679.23 426408 416037 414392 416010 429351
GDP From Construction (CRC Million) 329727.29 359586 340518 337641 338960 351415
GDP From Manufacturing (CRC Million) 1152492.66 1148039 1172304 1180152 1184762 1209818
GDP From Mining (CRC Million) 24581.53 23869 24373 25171 25270 25152
GDP From Public Administration (CRC Million) 369040.84 390730 380449 377898 379374 392624
GDP From Services (CRC Million) 784529.99 742404 762819 803359 806497 787230
GDP From Transport (CRC Million) 311218.41 291672 304948 318688 319933 314706
GDP From Utilities (CRC Million) 221069.04 222945 222273 226375 227259 229385

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 18.50 18 16 15.1 15.1 13.8
Unemployed Persons 457999.00 286000 280000 280000 280000 280000
Minimum Wages (points) 5399.18 5400 5600 5600 5600 5600
Population (Million) 5.16 5.1 5.15 5.15 5.15 5.2
Labor Force Participation Rate (%) 60.80 63 62.9 62.9 62.9 62.7
Wages (CRC/Month) 688779.00 708000 708000 708000 708000 708000

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.97 1.7 1.8 2.5 2.6 2
Consumer Price Index CPI (points) 100.76 100 114 102 102 104
Producer Prices (points) 126.58 115 115 115 115 115
Cpi Housing Utilities (points) 100.03 103 116 102 102 104
CPI Transportation (points) 109.99 103 102 108 113 104
Food Inflation (%) 0.95 0.9 1.5 1.5 1.5 1.5
Inflation Expectations (%) 1.05 3.2 3.3 3.3 3.3 3.5
Inflation Rate Mom (%) 0.54 0.1 0.1 0.1 0.1 0.2

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.75 1 1.25 1.5 1.5 1.75
Deposit Interest Rate (%) 2.58 2.58 2.79 3.08 3.33 3.58

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -410.29 -380 -370 -370 -370 -390
Current Account (USD Million) -467.08 -795 -795 -249 -465 -603
Current Account to GDP (% of GDP) -2.40 -2.6 -2.6 -2.7 -2.7 -2.7
Imports (USD Million) 1729.37 1450 1270 1270 1270 1290
Exports (USD Million) 1319.08 1070 900 900 900 900
External Debt (USD Million) 32218.00 29000 29000 29000 29000 29000
Capital Flows (USD Million) -358.94 -425 -425 -425 -425 -642
Foreign Direct Investment (USD Million) 629.00 490 490 490 490 650

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of 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) -609341.98 -953625 -953287 -953287 -953287 -953287
Government Spending (CRC Million) 1566628.41 1589768 1579391 1604227 1610494 1629932

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Industrial Production (%) 7.90 5 3 3 3 2.9
Manufacturing Production (%) 16.50 3.7 3.3 3.3 3.3 3.1
Leading Economic Index (%) 11.70 3.5 3.5 3.5 3.5 3.4
Industrial Production Mom (%) -0.30 0.5 0.8 0.8 0.8 0.7
Mining Production (%) 16.90 10.5 6 6 6 3.5

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (CRC Million) 5718665.10 5730259 5834328 5855913 5878788 6021026
Gasoline Prices (USD/Liter) 1.17 1.11 1.06 1 0.95 0.91

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) 3.80 -3.7 -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.