OECD forecasts Costa Rica’s GDP growth at 3.8 %
Data from the Organization for Economic Cooperation and Development (OECD) point to Costa Rica's GDP growth of 3.8 % this year.
The Organization for Economic Cooperation and Development (OECD) forecasts Costa Rica’s Gross Domestic Product growth of 3.8% this year.
The international organization presented the data last Tuesday through the OECD Economic Surveys: Costa Rica 2025 report, which shows an improvement compared to its last projection in December 2024, “when it placed it at 3.5%, although it is lower than the 4% growth that the Central Bank proposed in January of this year.”
According to OECD estimates, Costa Rica’s economy will experience growth of 3.8 % in 2025 and 2026. In January of this year, the Central Bank of Costa Rica (BCCR) projected economic growth for that period at 4 %.
At the presentation of the OECD report, Secretary-General Mathias Cormann noted that “Costa Rica must address the skills mismatch, increase women’s participation in the labor market, and reduce informality to boost medium-term growth.”
He also highlighted that the country has a well-trained workforce, as well as “significant untapped potential in wind, solar, and geothermal energy, which could meet this growing demand through the diversification and expansion of renewable energy production.”
M.Pino
Source: semanariouniversidad
(Reference image source: César Badilla Miranda on Unsplash)
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