Unemployment in Costa Rica
Costa Rica - UnemploymentThe economy appeared downbeat in the second quarter of this year. In May, weakness in the agriculture, construction and mining sectors caused annual economic activity growth to slow for the fourth consecutive month to the weakest pace in nearly a decade. The agriculture sector, for its part, has been feeling the negative effects of a prolonged spell of dry weather since the beginning of the year, while consumer sentiment remained entrenched in pessimism through May. The external sector also looked frail in Q2, with exports and imports of goods both falling in annual terms and at a sharper pace than in Q1. Turning to the third quarter, on 1 July the long-awaited VAT on goods and services replaced the old sales tax, which largely only applied to goods. This change should strengthen the fragile public finances but could dampen private consumption in the near term.
Costa Rica - Unemployment Data
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Costa Rica Unemployment Chart
Costa Rica Facts
|Exchange Rate||571.7||-0.57 %||Jul 31|
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July 12, 2019
Annual economic growth in cyclically-adjusted terms slowed to 1.3% in May, down from April’s revised 1.4% growth (previously reported: +1.6% year-on-year).
Costa Rica: Inflation accelerates in June and the Central Bank cuts rates for the third time this year
July 5, 2019
Consumer prices rose 0.27% in June compared to the previous month, up from 0.14% in May.
June 28, 2019
In the first quarter of 2019, the economy grew 2.3% compared to the same quarter a year earlier.
June 11, 2019
Annual economic growth in cyclically-adjusted terms slowed to 1.6% in April, which was down from March’s revised 1.8% growth (previously reported: +1.9% year-on-year) and represented the slowest expansion since November 2013. Economic activity growth in April was hampered by a struggling agriculture sector, activity in which has fallen every month since September 2018 but which fell 3.9% in April—the fastest decrease in over a decade, specifically since February 2009.
June 3, 2019
Consumer prices rose 0.14% in May compared to the previous month, down from April’s 0.56% increase.