Abstract
IMF Country Report No. 23/443
Copyright Page
IMF Country Report No. 23/443
COSTA RICA
SELECTED ISSUES
December 2023
This paper on Costa Rica was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 6, 2023.
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© 2023 International Monetary Fund
Title Page
COSTA RICA
SELECTED ISSUES
December 6, 2023
Approved By
Western Hemisphere Department
Prepared By Daniel Wales, Fumitaka Nakamura, Santiago Acosta-Ormaechea and Ivania Garcia Cascante
Contents
THE NEUTRAL INTEREST RATE: REVISED ESTIMATES
FIGURE
1. Estimates of Costa Rica’s Neutral Real Interest Rate, r*, and Long Run Growth, Rate g*
References
DETERMINANTS OF CARD PAYMENTS FEES IN A CROSS-COUNTRY ANALYSIS
CHARACTERISTICS AND ECONOMIC IMPACT OF MIGRANTS AND REFUGEES IN COSTA RICA
A. Demographic, Skills, and Labor Market Characteristics of Foreign-Born Population in Costa Rica
B. The Macroeconomic Impact of Migrants and Refugees in Costa Rica
C. Concluding Remarks and Policy Recommendations
FIGURES
1. Demographic and Labor Market Characteristics of Nicaraguans Relative to Nationals
2. Direct Contribution of Foreign Born Employees to GDP
3. Demographic Projections
TABLES
1. Impact of Foreign-Born Population on Fiscal Revenue and Expenditure
2. Remittances
BOX
1. Strengthening Non-Native Participation in Health Insurance: Seasonal Coffee Workers
References