Labor Force Participation Rate in Costa Rica increased to 60.80 percent in the fourth quarter of 2020 from 59.10 percent in the third quarter of 2020. source: Instituto Nacional de Estadística y Censos de Costa Rica

Labor Force Participation Rate in Costa Rica averaged 60.84 percent from 2010 until 2020, reaching an all time high of 63.70 percent in the first quarter of 2012 and a record low of 56.80 percent in the second quarter of 2011. This page provides - Costa Rica Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Costa Rica Labor Force Participation Rate - values, historical data and charts - was last updated on May of 2021.

Labor Force Participation Rate in Costa Rica is expected to be 63.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Costa Rica to stand at 62.90 in 12 months time. In the long-term, the Costa Rica Labor Force Participation Rate is projected to trend around 62.70 percent in 2022, according to our econometric models.

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Costa Rica Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
60.80 59.10 63.70 56.80 2010 - 2020 percent Quarterly

Costa Rica Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.50 20.00 24.00 8.30 percent [+]
Unemployed Persons 457999.00 487675.00 551373.00 38708.00 [+]
Minimum Wages 5399.18 5399.18 5399.18 7.53 points [+]
Population 5.16 5.06 5.16 1.33 Million [+]
Wages 680532.00 709015.00 792836.00 357554.00 CRC/Month [+]
Employed Persons 1992354.00 1953151.00 2208175.00 1745257.00 [+]
Employment Rate 49.44 48.66 57.79 43.74 percent [+]
Labor Force Participation Rate 60.80 59.10 63.70 56.80 percent [+]


Costa Rica Labor Force Participation Rate
The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.