Unemployment in Costa Rica

Costa Rica Unemployment | Economic News & Forecasts

Costa Rica - Unemployment

The 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

2013  2014  2015  2016  2017  
Unemployment Rate8.3  9.7  9.6  9.5  9.3  

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Costa Rica Unemployment Chart

Costa Rica Unemployment

Costa Rica Facts

Exchange Rate571.7-0.57 %Jul 31

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