1. Market Research
Country Forecast Costa Rica October 2017 Updater

Country Forecast Costa Rica October 2017 Updater

  • October 2017
  • ID: 325641
  • Format: PDF
  • By The Economist Intelligence Unit

Summary

Table of Contents

Search Inside



  • Luis Guillermo Solís of the Partido Acción Ciudadana (PAC) is in the final year of his four-year term, which begun in May 2014. A fractious legislature will continue to complicate policymaking, particularly as the PAC holds only 12 seats out of a possible 57, the smallest tally of any ruling party in Costa Rican history. A fragmented party system will continue to hamper governability, regardless of who wins the presidency in the election in February 2018. At this early stage The Economist Intelligence Unit believes that the Partido Unidad Social Cristiana is in the best position to win.
  • Costa Rica's most pressing macroeconomic concern is the need for comprehensive tax reform to reduce the non-financial public-sector deficit, which has exceeded 5% of GDP since 2013. A fiscal reform package is unlikely to be passed before the next election, which will keep the deficit high in the short term. We assume that, despite some fiscal adjustments later in the forecast period, the public debt/GDP ratio will continue to rise, reaching a peak of 73.3% of GDP in 2020, raising concerns over debt sustainability.
  • Following estimated GDP growth of 3.9% in 2017, we expect growth to average 4.2% in 2018-22. Firm investment inflows, arising from the Dominican Republic-Central America Free-Trade Agreement, will boost high-technology manu-facturing and services (most of which are externally oriented) in the medium term. However, structural dependence on external (mainly US) demand will persist, and growth will also be negatively affected by high unemployment and low productivity in domestically oriented sectors.
  • Inflation will rise to an average of 3.3% in 2018, and will average 3.7% in 2019-22 as oil prices rise gradually. A weakening of the colón, after years of overvaluation, will marginally improve export competitiveness. The current-account deficit will widen from 3.9% of GDP in 2017 to an average of 4.1% of GDP in 2018-22-below the level of previous years, owing to lower global oil prices compared with the pre-2015 period, but still high because of a large structural trade deficit.
  • Despite Costa Rica's relative affluence (nominal GDP per head is above the regional average in US dollar terms), the attractiveness of the market is impaired by its small size, with an estimated population of just 4.9m in 2017. Poverty levels are low, but have risen since the global recession in 2009, and the country has seen increasing levels of inequality over the past decade. However, a large middle class will continue to be supportive of growth in consumer demand.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Soft Drinks in Costa Rica

Soft Drinks in Costa Rica

  • $ 2100
  • January 2020

Soft drinks in Costa Rica continues to see growth across most categories in 2019, although RTD tea was impacted by maturity and price-based competition from other soft drinks categories. Price-based competition ...

Hot Drinks in Costa Rica

Hot Drinks in Costa Rica

  • $ 2100
  • December 2019

Hot drinks in Costa Rica registered moderate, positive sales growth in volume and value terms in 2019 as few changes were seen in the industry. The main influence on sales is the generally uncertain economic ...

Costa Rica Power Market Outlook to 2030, Update 2019-Market Trends, Regulations, Electricity Tariff and Key Company Profiles

Costa Rica Power Market Outlook to 2030, Update 2019-Market Trends, Regulations, Electricity Tariff and Key Company Profiles

  • $ 1500
  • December 2019

Costa Rica Power Market Outlook to 2030, Update 2019-Market Trends, Regulations, Electricity Tariff and Key Company ProfilesSummaryThis report elaborates Costa Rica’s power market structure and provides ...

Consumer Health in Costa Rica $ 2650 October 2019

Bottled Water in Costa Rica $ 990 January 2020

Carbonates in Costa Rica $ 990 January 2020

Concentrates in Costa Rica $ 990 January 2020

RTD Coffee in Costa Rica $ 990 January 2020

RTD Tea in Costa Rica $ 990 January 2020

Juice in Costa Rica $ 990 January 2020


ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on