Unemployment Rate for Costa Rica

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 7.85 percent as of 12/31/2024, the lowest value since 12/31/2018.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.477 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.477.
The 3 year change in percentage points is -7.29.
The 5 year change in percentage points is -2.96.
The 10 year change in percentage points is -0.651.

The Serie's long term average value is 7.41 percent. It's latest available value, on 12/31/2024, is 0.442 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/1992, to it's latest available value, on 12/31/2024, is +3.92.
The Serie's change in percentage points from it's maximum value, on 12/31/2020, to it's latest available value, on 12/31/2024, is -8.58.