OECD Observer
Country snapshots 2017-18: Costa Rica
Strong recovery but high unemployment
costa rica,oecd,economy

The economy is projected to continue to expand at a strong pace. Growth will be driven by robust household consumption and increased exports due to stronger demand in the US. Investment will be led by public infrastructure planned in the coming years. Inflation is starting to pick up and will return to the central bank’s target range of 2-4% at the end of 2016. 

Although a strong recovery is under way, unemployment rates remain high, especially for the poor who also suffer from high informality and are increasingly leaving the labour force. Targeted policies are needed to make the labour market more inclusive, especially for women. Improving the quality of education and enhancing the effectiveness of cash transfers would help reduce high poverty.  

GDP growth


Current prices CRC trillion




% real change



24.8 4.1 4.0 4.0

Visit www.oecd.org/eco/economicoutlook.htm

©OECD Observer No 308 Q4 2016