Statizoid

Monthly minimum wage (Local currency), annual growth rate in Costa Rica

Costa Rica: Monthly minimum wage (Local currency), annual growth rate was 1.83 % change on previous year in 2024. ◆ Volatile

Latest (2024)
1.83 % change on previous year
Change on year
down 78.5%
World rank
91st
of 168 countries
All-time high
43.06 % change on previous year
in 2014
All-time low
-8.13 % change on previous year
in 2007
Years of data
29
1996–2024

Monthly minimum wage (Local currency), annual growth rate in Costa Rica, 1996–2024

020401996201020241996: 16.9 % change on previous year1997: 18.7 % change on previous year1998: 14 % change on previous year1999: 11.4 % change on previous year2000: 10.6 % change on previous year2001: 13.3 % change on previous year2002: 7.8 % change on previous year2003: 10.3 % change on previous year2004: 11 % change on previous year2005: 14.7 % change on previous year2006: 12.7 % change on previous year2007: -8.1 % change on previous year2008: 15.7 % change on previous year2009: 9.1 % change on previous year2010: 9.4 % change on previous year2011: 6.2 % change on previous year2012: 6.3 % change on previous year2013: 6.1 % change on previous year2014: 43.1 % change on previous year2015: 7.3 % change on previous year2016: 2.3 % change on previous year2017: 0 % change on previous year2018: 2.4 % change on previous year2019: 3 % change on previous year2020: 2.5 % change on previous year2021: 0.3 % change on previous year2022: 2.1 % change on previous year2023: 8.5 % change on previous year2024: 1.8 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for monthly minimum wage (local currency), annual growth rate in Costa Rica is 1.83 % change on previous year, measured in 2024.

Compared with earlier readings it is down 78.5% on the previous year and down 95.7% over ten years.

Over the whole period, monthly minimum wage (local currency), annual growth rate in Costa Rica peaked at 43.06 % change on previous year in 2014 and was at its lowest, -8.13 % change on previous year, in 2007.

Costa Rica ranks 91st of 168 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Monthly minimum wage (Local currency), annual growth rate in Costa Rica, year by year

Year % change on previous year Change
1996 16.91 % change on previous year —
1997 18.69 % change on previous year +10.6%
1998 14.02 % change on previous year -25.0%
1999 11.39 % change on previous year -18.8%
2000 10.59 % change on previous year -7.1%
2001 13.26 % change on previous year +25.2%
2002 7.8 % change on previous year -41.1%
2003 10.26 % change on previous year +31.4%
2004 11.03 % change on previous year +7.5%
2005 14.65 % change on previous year +32.9%
2006 12.68 % change on previous year -13.5%
2007 -8.13 % change on previous year -164.1%
2008 15.71 % change on previous year -293.3%
2009 9.15 % change on previous year -41.8%
2010 9.41 % change on previous year +2.9%
2011 6.22 % change on previous year -33.9%
2012 6.27 % change on previous year +0.7%
2013 6.14 % change on previous year -2.0%
2014 43.06 % change on previous year +601.6%
2015 7.31 % change on previous year -83.0%
2016 2.33 % change on previous year -68.2%
2017 0 % change on previous year -100.0%
2018 2.42 % change on previous year —
2019 2.97 % change on previous year +22.7%
2020 2.53 % change on previous year -14.8%
2021 0.3004 % change on previous year -88.1%
2022 2.09 % change on previous year +595.8%
2023 8.51 % change on previous year +307.0%
2024 1.83 % change on previous year -78.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 15.25 % change on previous year 11.39 % change on previous year 18.69 % change on previous year 4
2000s 9.7 % change on previous year -8.13 % change on previous year 15.71 % change on previous year 10
2010s 8.61 % change on previous year 0 % change on previous year 43.06 % change on previous year 10
2020s 3.05 % change on previous year 0.3004 % change on previous year 8.51 % change on previous year 5

Countries ranked near Costa Rica

  1. 88 South Korea 2.49 % change on previous year compare
  2. 89 Luxembourg 2.48 % change on previous year compare
  3. 90 New Zealand 1.98 % change on previous year compare
  4. 92 New Caledonia 0.9113 % change on previous year compare
  5. 93 Afghanistan 0 % change on previous year compare
  6. 93 Armenia 0 % change on previous year compare
  7. 93 Antigua and Barbuda 0 % change on previous year compare
  8. 93 Azerbaijan 0 % change on previous year compare
  9. 93 Burundi 0 % change on previous year compare
  10. 93 Benin 0 % change on previous year compare
  11. 93 Bangladesh 0 % change on previous year compare
  12. 93 Bahrain 0 % change on previous year
  13. 93 Bahamas 0 % change on previous year compare
  14. 93 Belize 0 % change on previous year compare
  15. 93 Barbados 0 % change on previous year compare
  16. 93 Bhutan 0 % change on previous year compare
  17. 93 Central African Republic 0 % change on previous year
  18. 93 China 0 % change on previous year compare
  19. 93 Cote d'Ivoire 0 % change on previous year compare
  20. 93 Democratic Republic of Congo 0 % change on previous year compare
  21. 93 Congo 0 % change on previous year compare
  22. 93 Comoros 0 % change on previous year compare
  23. 93 Cuba 0 % change on previous year compare
  24. 93 Dominica 0 % change on previous year compare
  25. 93 Algeria 0 % change on previous year compare
  26. 93 Gabon 0 % change on previous year compare
  27. 93 Georgia 0 % change on previous year
  28. 93 Guinea 0 % change on previous year compare
  29. 93 Gambia 0 % change on previous year compare
  30. 93 Guinea-Bissau 0 % change on previous year compare
  31. 93 Equatorial Guinea 0 % change on previous year compare
  32. 93 Grenada 0 % change on previous year compare
  33. 93 Guyana 0 % change on previous year compare
  34. 93 Haiti 0 % change on previous year compare
  35. 93 India 0 % change on previous year compare
  36. 93 Iran 0 % change on previous year compare
  37. 93 Iraq 0 % change on previous year compare
  38. 93 Jordan 0 % change on previous year compare
  39. 93 Kenya 0 % change on previous year compare
  40. 93 Cambodia 0 % change on previous year compare
  41. 93 Kiribati 0 % change on previous year
  42. 93 Saint Kitts and Nevis 0 % change on previous year compare
  43. 93 Kuwait 0 % change on previous year
  44. 93 Laos 0 % change on previous year compare
  45. 93 Liberia 0 % change on previous year
  46. 93 Libya 0 % change on previous year compare
  47. 93 Lesotho 0 % change on previous year compare
  48. 93 Morocco 0 % change on previous year compare
  49. 93 Marshall Islands 0 % change on previous year compare
  50. 93 Mali 0 % change on previous year compare
  51. 93 Myanmar 0 % change on previous year compare
  52. 93 Montenegro 0 % change on previous year compare
  53. 93 Mauritania 0 % change on previous year compare
  54. 93 Malaysia 0 % change on previous year compare
  55. 93 Nigeria 0 % change on previous year compare
  56. 93 Nepal 0 % change on previous year compare
  57. 93 Oman 0 % change on previous year compare
  58. 93 Peru 0 % change on previous year compare
  59. 93 Philippines 0 % change on previous year compare
  60. 93 Papua New Guinea 0 % change on previous year compare
  61. 93 Rwanda 0 % change on previous year compare
  62. 93 Sudan 0 % change on previous year compare
  63. 93 Solomon Islands 0 % change on previous year compare
  64. 93 Sierra Leone 0 % change on previous year compare
  65. 93 El Salvador 0 % change on previous year compare
  66. 93 Suriname 0 % change on previous year compare
  67. 93 Seychelles 0 % change on previous year compare
  68. 93 Syria 0 % change on previous year compare
  69. 93 Chad 0 % change on previous year compare
  70. 93 Togo 0 % change on previous year compare
  71. 93 East Timor 0 % change on previous year compare
  72. 93 Tanzania 0 % change on previous year compare
  73. 93 Uganda 0 % change on previous year
  74. 93 United States 0 % change on previous year compare
  75. 93 Uzbekistan 0 % change on previous year compare
  76. 93 Venezuela 0 % change on previous year compare
  77. 93 Vanuatu 0 % change on previous year compare
  78. 93 Zambia 0 % change on previous year compare

See the full ranking of 168 places →

More work & labour data for Costa Rica

All data for Costa Rica →

Frequently asked questions

What is monthly minimum wage (local currency), annual growth rate in Costa Rica?
Monthly minimum wage (local currency), annual growth rate in Costa Rica was 1.83 % change on previous year in 2024, according to Statizoid (derived).
What is the highest monthly minimum wage (local currency), annual growth rate recorded in Costa Rica?
The highest recorded value was 43.06 % change on previous year in 2014.
What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Costa Rica?
The lowest recorded value was -8.13 % change on previous year in 2007.
How does Costa Rica rank for monthly minimum wage (local currency), annual growth rate?
Costa Rica ranks 91st out of 168 countries with data for 2024.
Is monthly minimum wage (local currency), annual growth rate rising or falling in Costa Rica?
Over the last ten years it is down 95.7%. The long-run trend across the full record is volatile.
Where does this Costa Rica data come from?
The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.

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Monthly minimum wage (Local currency), annual growth rate in Costa Rica. Statizoid, drawing on Statizoid (derived). Retrieved 28 August 2026, from https://labour.statizoid.com/stat/monthly-minimum-wage-local-currency-annual-growth-rate/costa-rica/

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<a href="https://labour.statizoid.com/stat/monthly-minimum-wage-local-currency-annual-growth-rate/costa-rica/">Monthly minimum wage (Local currency), annual growth rate in Costa Rica</a> — Statizoid

How this figure is calculated

The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Monthly minimum wage (Local currency), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
168 places, 3,744 data points, 1981–2026
Last refreshed

The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.