Legal Minimum Wages and the Wages of Formal and Informal Sector Workers in Costa Rica

Table 1: Macroeconomic Statistics, Costa Rica 1988-1999

Year	Mean Real Hourly Minimum Wage¹(1999 CR colones)	Mean Real Hourly Wage¹ (1999 CR colones)	Real GDP Growth Rate²	Inflation Rate (% change in CPI July to July)²
1988	248	359	3.4	207
1989	254	368	5.7	16.9
1990	249	360	3.6	19.8
1991	254	349	2.3	29.7
1992	263	351	7.7	21.1
1993	259	408	6.3	9.9
1994	249	434	4.9	11.8
1995	258	417	4.0	23.2
1996	282	401	0.3	18.7
1997	300	412	5.8	13.3
1998	309	430	8.0	11.7
1999	320	461	8.0	9.1

¹ Source: Costa Rican Household Survey, using sample weights.

² Source: the Costa Rican National Income Accounts.

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