Unemployment rate of Costa Rica plummeted by 15.10% from 9.5 % in 2016 to 8.1 % in 2017. Since the 16.21% surge in 2014, unemployment rate sank by 16.13% in 2017.
The description is composed by our digital data assistant.Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). [OECD Main Economic Indicators, OECD, monthly] As defined by the International Labour Organization, "unemployed workers" are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. [ILO, http://www.ilo.org/public/english/bureau/stat/res/index.htm]
| Date | Value | Change, % |
|---|---|---|
| 2017 | 8.1 | -15.10% |
| 2016 | 9.5 | -0.66% |
| 2015 | 9.6 | -0.56% |
| 2014 | 9.7 | 16.21% |
| 2013 | 8.3 | -15.62% |
| 2012 | 9.8 | -6.13% |
| 2011 | 10.5 | 13.88% |
| 2010 | 9.2 | 17.78% |
| 2009 | 7.8 | 58.08% |
| 2008 | 4.9 | 7.64% |
| 2007 | 4.6 | -22.90% |
| 2006 | 6.0 |