Unemployment Rate Evolution in Costa Rica from 2001 to 2023

Unemployment Rate Evolution in Costa Rica from 2001 to 2023

Unlock this statistic

Log in to unlock

No account? Sign up free

Insights

Key Takeaways

Costa Rica's unemployment rate has reflected the nation’s mixed economic fortunes and structural shifts since 2001. Starting at , the early 2000s were relatively stable, with only minor fluctuations. However, the 2008 global financial crisis resulted in an increase, with unemployment reaching in 2009, demonstrating Costa Rica’s exposure to global economic cycles. Following a brief period of recovery, the rate surged again in the early 2010s, peaking at in 2019, as economic growth slowed.

The COVID-19 pandemic caused a substantial rise, pushing the rate to in 2020, one of the highest recorded. Costa Rica’s economy faced challenges in sectors such as tourism, a major contributor to employment, which were severely affected. By 2023, unemployment had reduced to , indicative of the nation's gradual recovery and adaptation to post-pandemic economic conditions.

Explore related charts to gain a better understanding of Costa Rica’s population count, Costa Rica’s population growth rate, Costa Rica’s industrial sector GDP share.

Further Recommended Statistics

Statbox vector
Statbox |form contact icon

Have Other Queries?

Statbox vector

Connect with our expert team for immediate assistance or comprehensive market analysis. We are always ready to support your business needs.