No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchivePoverty, Unemployment Dropped, Survey Says

Poverty, Unemployment Dropped, Survey Says

This year’s Household Survey by the National Statistics and Census Institute (INEC) shows a slight drop in poverty and unemployment, but an increase in the gap between the rich and the poor.

Study coordinator Elizabeth Solano, who presented the results Tuesday in San Pedro, east of San José, said poverty decreased from 21.2% in 2005 to 20.2% this year; extreme poverty decreased from 5.6% to 5.3%.

Pollsters surveyed 14,214 homes throughout the country from July 10 to Aug. 9. A home in a state of poverty is defined as one where the per-capita monthly income is lower than the poverty line, or the amount of money necessary to meet a person’s basic needs, including food, clothing, health care, education and housing. (This year, that amount was ¢47,086, or approximately $91, for urban areas, and ¢37,907, or approximately $73, for rural areas).

Homes considered to be in “extreme poverty” are those where per-capita monthly income is lower than the price of the basic food basket, a collection of 24 foods deemed a minimum for basic nutrition  (approximately $37 in rural areas, $42 inurban areas) – in other words, a home where people can’t even feed themselves adequately, Solano explained.

Average per-capita monthly income in Costa Rica increased this year from ¢94,716 ($183) to ¢98,404 ($191), Solano said.

However, a continuing growth in the gap between rich and poor fueled this increase.

The per-capita income of Costa Rica’s richest 20% increased 8.6%, while the income of the poorest 20% increased only 0.1%, according to the study.

Unemployment decreased from 2005-2006 as well, from 6.6% to 6.0%. Again, this improvement was not distributed evenly throughout the country. Although unemployment dropped in both urban and rural areas throughout the country, with significant reductions in the Central Pacific and the Northern Zone, underemployment –that is, the rate of people who want to work full-time but can only find jobs for fewer than 47 hours per week, or who make less than minimum wage – increased in the Central Valley and the northern Caribbean region.

 

Trending Now

El Salvador Breaks Into Latin America’s Top 10 Startup Ecosystems

El Salvador has entered the top 10 startup ecosystems in Latin America for the first time. The country ranks 10th regionally and 80th globally...

Costa Rica Exchange Rate Still Has Not Reflected Oil Shock, Central Bank Says

The U.S. dollar remains under ¢455 in Costa Rica’s wholesale currency market, even as higher international oil prices threaten to increase the country’s demand...

Costa Rica President Orders Polygraph Tests for Top Officials

President Laura Fernández has widened a controversial order requiring polygraph tests for officials involved in her government's new security strategy, declaring Friday that judicial...

Guatemala Agrees to Joint U.S. Military Strikes Against Drug Traffickers

It is a significant moment in the long and complicated relationship between the United States and Central America. Guatemala has agreed to allow American...

Costa Rica Braces for Extended El Niño With Water Rationing and Inflation on the Horizon

Costa Rica is bracing for an extended El Niño event that meteorologists now expect to grip the country from June through the second half...

Costa Rican Boxing Star Yokasta Valle Eyes Another World Title

Costa Rican boxing star Yokasta Valle will return to the ring Saturday, May 30, with a chance to add another major belt to one...

Costa Rica Debate Grows Over Moving Annexation Holiday

Nicoya authorities are pushing back against a proposal in Costa Rica’s Legislative Assembly that would move the July 25 holiday commemorating the Annexation of...

Brazil’s Fonseca Ends Djokovic’s Quest for a 25th Major in Paris

Brazilian teenager João Fonseca produced the defining win of his young career on Friday, rallying from two sets down to stun Novak Djokovic 4-6,...

World Cup Set to Become Biggest Betting Event Ever

Global betting revenue for the upcoming World Cup is likely to be "in excess of $50 billion", betting expert Darren Small told AFP, for...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador

Live prediction market odds via Kalshi. Updates every 60 seconds.
Kalshi is available to US residents 18+. The Tico Times may earn a commission from new signups.

Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel