Lewes, DE -- (SBWIRE) -- 08/24/2017 -- As per International Monetary Fund (IMF) Costa Rica's real gross domestic product is expected to grow at a CAGR of 3.96% from it's 2015 level of CRC 25945.97 billion and reach CRC 34053.90 billionby 2022.

Costa Rica, officially the Republic of Costa Rica, is a country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west, and the Caribbean Sea to the east. A constitutional republic, it is the only Latin American country to have been a democracy since 1950 or earlier. Costa Rica has consistently been among the top-ranking Latin American countries in the Human Development Index (HDI), placing 62nd in the world as of 2012.

Costa Rica had estimated population of 4.91 million in the year 2016 and expected to reach 5.28 million by 2022. Costa Rica's unemployment rate was 8.224% of total labor force, and it is expected to decrease at a CAGR of 2.70% and reach 7.634% by 2022.

Costa Rica's real gross domestic product (GDP) was around CRC 27069.12 billions in 2016 whereas the nominal GDP was CRC 31287.38 billions. This resulted in GDP deflator 115.583. Per capita GDP was estimated at USD 11834.84 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 16435.83.

In 2016, Costa Rica government's revenue was CRC 4441.37 billions whereas the expenditure was CRC 6048.76 billions. This resulted Costa Rica government's net lending / borrowing negative at CRC 1607.39 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Costa Rica was estimated to be negative at USD 2.055 billions for the year 2016 and is expected to decline at a CAGR of 5.46% and reach USD 3.618 by 2022. This negative current account balance indicates the Costa Rica is net borrower from the whole world.

The newly launched market research reports featuring Costa Rica's PESTEL analysis, SWOT analysis and Risk analysis are aimed at providing insights about Costa Rican economy and market.

Scope of the Costa Rica PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Costa Rica.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Costa Rica.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Costa Rica.
- These reports provide risk analysis for Costa Rica.

For more information and to purchase Costa Rica PESTEL Analysis Market Research Report please visit: http://www.marketresearchreports.com/market-research-reports-inc/costa-rica-pestel-analysis-market-research-report

For more information and to purchase Costa RicaSWOT Analysis Market Research Report please visit:http://www.marketresearchreports.com/market-research-reports-inc/costa-rica-swot-analysis-market-research-report

For more information and to purchase Costa RicaRisk Analysis Market Research Report please visit:http://www.marketresearchreports.com/market-research-reports-inc/costa-rica-risk-analysis-market-research-report

About Market Research Reports, Inc.
Market Research Reports® Inc. is world's largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global ®ional markets which comprise key industries, leading market players, new products and latest industry analysis & trends.

Contact us for your market research requirements: http://www.marketresearchreports.com/contact