Category: Costa Rica

Positive economic outlook for the main economies in Latin America but downward risks have intensified

November 22, 2018

Alvaro S. Pereira (Director) and Latin American desks, Economics Department, Country Studies Branch, OECD The global economy is navigating rough seas. Global GDP growth is strong but it has peaked. In many countries unemployment is well below pre-crisis levels, labour shortages are biting and inflation remains tepid.  Yet, global trade and investment have been slowing … More Positive economic outlook for the main economies in Latin America but downward risks have intensified

Las perspectivas económicas son positivas en los principales países de América Latina pero los riesgos a la baja se han acentuado

November 22, 2018

Alvaro S. Pereira (Director) y mesas de países latinoamericanos, Departamento de Economía, Directorado de estudios de países, OCDE La economía mundial está navegando mares agitados. El crecimiento del PIB mundial es fuerte, pero ha alcanzado su punto máximo. En muchos países, el desempleo está por debajo de los niveles anteriores a la crisis de 2008, … More Las perspectivas económicas son positivas en los principales países de América Latina pero los riesgos a la baja se han acentuado

Costa Rica: Distribuir los beneficios del crecimiento más ampliamente

April 17, 2018

Por Sonia Araujo y Lisa Meehan, Sección de Costa Rica, Departamento de Economía de la OCDE La economía de Costa Rica es sólida y continúa convergiendo hacia los niveles de vida de los países miembros de la OCDE (Figura 1). Si bien la productividad ha repuntado recientemente, sigue habiendo una gran brecha con respecto a … More Costa Rica: Distribuir los beneficios del crecimiento más ampliamente

Costa Rica: Sharing the benefits of growth more widely

April 17, 2018

By Sonia Araujo and Lisa Meehan, Costa Rica Desk, OECD Economics Department Costa Rica’s economy is strong and continues to converge towards OECD living standards (Figure 1). Although productivity has picked up recently, a wide gap relative to the OECD remains. Employment rates are low and unemployment remains above pre-crisis levels, hitting predominantly youth and … More Costa Rica: Sharing the benefits of growth more widely

Does everybody enjoy Pura Vida? Decomposing income inequality in Costa Rica

May 2, 2017

By Mabel Gabriel and Alberto Gonzalez Pandiella, OECD Economics Department Despite strong economic growth, Costa Rica’s income inequality has increased in the past decade, in stark contrast with other Latin American countries (OECD, 2016 and González Pandiella and Gabriel, 2017). What explains this? A decomposition of income inequality by income sources reveals, surprisingly, that public … More Does everybody enjoy Pura Vida? Decomposing income inequality in Costa Rica

Mind the gapS: boost early childcare education and care in Costa Rica

October 12, 2016

By Alberto González Pandiella, Economist, SDD, OECD Economics Department Costa Rican well-being indicators are comparable or even above the OECD average in several dimensions (OECD, 2016a). Nevertheless, gaps with OECD countries are large in two dimensions:  labour market participation and education.  This hampers both long-term growth prospects and equity.  Boosting early childcare education and care … More Mind the gapS: boost early childcare education and care in Costa Rica

Tackling the three main challenges in Costa Rica: fiscal reform, reverting the slowdown in productivity and reducing inequality

July 19, 2016

By Paula Garda and Mauro Pisu, Country Studies Branch, OECD Economics Department Costa Rica’s economic, social and environmental achievements are impressive. It has succeeded in combining rising living standards, virtually universal health care, pension and primary education systems with sustainable use of natural resources. Incomes per capita have nearly doubled in real terms over the … More Tackling the three main challenges in Costa Rica: fiscal reform, reverting the slowdown in productivity and reducing inequality