1. Market Research
Country Forecast Costa Rica May 2018 Updater

Country Forecast Costa Rica May 2018 Updater

  • May 2018
  • ID: 329496
  • Format: PDF
  • The Economist Intelligence Unit


Table of Contents

Search Inside

  • The next government, led by Carlos Alvarado of the centre-left Partido Acción Ciudadana (PAC) will take office on May 8th. It will face the same political landscape as its predecessor, namely a fragmented Legislative Assembly and dissatisfaction with the political class. Mr Alvarado will require cross-party consensus in order to improve governability and pass his agenda.
  • Costa Rica's most pressing macroeconomic concern is the need for comprehensive fiscal reform to reduce the central government deficit, which has exceeded 5% of GDP since 2013. We expect the next government to be able to secure some tax reforms, but the deficit will remain high. We assume that the public debt/GDP ratio will continue to rise, reaching 79.4% of GDP in 2022, raising concerns over debt sustainability.
  • Following GDP growth of 3.2% in 2017, we expect growth to average 3.9% in 2018-22. Chiefly arising from the Dominican Republic-Central America Free-Trade Agreement (DR-CAFTA), firm investment inflows 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 the growing fiscal deficit.
  • Inflation will rise to 3.2% by end-2018 and end each year above 3% in 2019-22, bar 2020 when rising depreciation pressures will lead to a weakening of the colón, given the country's fiscal woes. This will marginally improve export competitiveness, although the current-account deficit will continue to widen slightly, to reach an average 3.5% of GDP in 2019-20, before narrowing to an average of 3.2% of GDP in 2022. The deficit will be below the level of previous years, owing to lower global oil prices compared with the pre-2015 period, but will still be 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:

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

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

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

  • 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

Automotive Trends and OEM Strategies in Selected Central American and Caribbean Markets, 2019–2026

  • $ 4950
  • April 2020
  • 53 pages

The study provides a comprehensive analysis of OEMs in the automotive markets of a few Caribbean and Central American markets: Puerto Rico, Costa Rica, Guatemala, Panama, and Jamaica.It considers how markets ...

Home Care in Costa Rica $ 2650 April 2020

Soft Drinks in Costa Rica $ 2100 January 2020

Retailing in Costa Rica $ 2100 March 2020


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