Unemployment in Costa Rica

Costa Rica Unemployment | Economic News & Forecasts

Costa Rica - Unemployment

The economy grew at the slowest pace in nearly six years in the fourth quarter of 2018 as large public protests related to fiscal policy reform ate into economic activity. Private consumption growth slowed and was likely hampered by a large increase in unemployment, a weak increase in private sector loans and downbeat consumer confidence. Moreover, fixed investment also increased at a slower pace and the cash-strapped government slashed spending, while export growth remained strong despite moderating in the quarter. Turning to this year, higher consumer confidence in the first quarter bodes well for private spending, although consumers remained overwhelmingly pessimistic. In addition, although economic activity growth in January was weak, it did not change from December, putting an end to eight consecutive months of slowing growth.

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 Rate593.8-0.57 %Apr 22

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