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Macro - Country Economic Forecasts - Costa Rica

Publisher Oxford Economics
Published Dec 05, 2025
Length 7 Pages
SKU # OFE20650292

Description

We've raised our 2026 GDP growth outlook for Costa Rica by 1ppt to 3.4%, after an estimated 4.2% expansion this year. We expect private consumption to drive growth, supported by higher purchasing power as wage gains coincide with low inflationary pressure. A recovery in the tourism sector after this year’s contraction – which largely explains the drop in employment – should bolster job creation, allowing consumption to accelerate to 3.7% from 3.4% this year.

Table of Contents

7 Pages
Costa Rica: Robust domestic demand supports a forecast upgrade
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Policy and politics

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