Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Total population 6.81 million6.73 million
    WDI
    		A.1.1
    Urban population (% of total) 61.3% of total61.03% of total
    WDI
    		A.1.4
    Urban population growth (annual %) 1.72%1.74%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    GDP, current prices (U.S. dollars)41,851 USD (millions)38,941 USD (millions)36,054 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)95,011 USD (millions)88,905 USD (millions)83,286 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)5,933.84 USD 5,600.09 USD 5,259.94 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)  8,707.79 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)4.44%4.76%4.31%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)4.1%4.49%3.91%
    WEO
    		A.2.6
    GDP, deflator (Index)112.64108.09105.80
    WEO
    		A.2.7
    Consumer price index 134.61129.93
    WDI
    		A.2.8
    GINI Index 48.8047.90
    WDI
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Interest Rates:A.2.15
    Central bank lending/discount rate20%20%20%
    IFS
    		A.2.15.1
    Average bank deposit rate 3.94%3.76%
    IFS
    		A.2.15.4
    Lending rate 18.08%18.07%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Number of dwelling units:B.1.1
    Total 1.78 million1.75 million
    GDS
    		B.1.1.1
    Total Urban 1.09 million1.07 million
    GDS
    		B.1.1.2
    Characteristics of housing stock:B.1.3
    % of substandard dwelling units 1.34% of total1.62% of total
    GDS
    		B.1.3.2
    Tenure in urban areas (%):B.1.4
    Owner-occupied units 76.3% of total73.81% of total
    GDS
    		B.1.4.1
    Private rental units 15.47% of total17.08% of total
    GDS
    		B.1.4.3
    Public / social rental units Not availableNot available
    GDS
    		B.1.4.4
    Other forms of tenure  8.23% of total7.48% of total
    GDS
    		B.1.4.5
    Estimated Number of units completed/yearB.1.5
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

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    Notes: 2010=100
    Notes: 2010=100
    Notes: Banks include BNF, Vision Banco.
    Notes: Banks include BNF, Vision Banco.
    Notes: Banks include BNF, Vision Banco.
    Notes: Banks include BNF, Vision Banco.
    Notes: Banks include BNF, Vision Banco.
    Notes: Calculated as % of households, not housing units, without electricity.
    Notes: Calculated as % of households, not housing units, without electricity.
    Notes: Calculated as % of households, not housing units, without electricity.
    Notes: Calculated as % of households, not housing units, without electricity.
    Notes: Capital gains tax on non-residents of 30%. Tax base of property typically around 50% of property value.
    Notes: Capital gains tax on non-residents of 30%. Tax base of property typically around 50% of property value.
    Notes: Capital gains tax on non-residents of 30%. Tax base of property typically around 50% of property value.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Financieras - small-scale financial institutions.
    Notes: Impuesto al Valor Agregado. 1.5% of Sales Price.
    Notes: Impuesto al Valor Agregado. 1.5% of Sales Price.
    Notes: Impuesto al Valor Agregado. 1.5% of Sales Price.
    Notes: Impuesto al Valor Agregado. 1.5% of Sales Price.
    Notes: Impuesto al Valor Agregado. 1.5% of Sales Price.
    Notes: Impuesto al Valor Agregado. 1.5% of Sales Price.
    Notes: IRP. 8% to 10% applied to the lesser of 30% of the sales price and the difference between the sales and purchase prices.
    Notes: IRP. 8% to 10% applied to the lesser of 30% of the sales price and the difference between the sales and purchase prices.
    Notes: IRP. 8% to 10% applied to the lesser of 30% of the sales price and the difference between the sales and purchase prices.
    Notes: National Percentage
    Notes: Private credit bureau - Informconf and public credit bureau - CRC.
    Notes: Private credit bureau - Informconf and public credit bureau - CRC.
    Notes: Private credit bureau - Informconf and public credit bureau - CRC.
    Notes: Private credit bureau - Informconf and public credit bureau - CRC.
    Notes: Private credit bureau - Informconf and public credit bureau - CRC.
    Notes: Public financing by Financial Agency for Development (AFD) indirectly through financial institutions, and directly to debtors by Banco Nacional de Fomento
    Notes: Public financing by Financial Agency for Development (AFD) indirectly through financial institutions, and directly to debtors by Banco Nacional de Fomento
    Notes: Public financing by Financial Agency for Development (AFD) indirectly through financial institutions, and directly to debtors by Banco Nacional de Fomento
    Notes: Public financing by Financial Agency for Development (AFD) indirectly through financial institutions, and directly to debtors by Banco Nacional de Fomento
    Notes: Public financing by Financial Agency for Development (AFD) indirectly through financial institutions, and directly to debtors by Banco Nacional de Fomento
    Notes: Public financing by Financial Agency for Development (AFD) indirectly through financial institutions, and directly to debtors by Banco Nacional de Fomento
    Notes: Public financing by Financial Agency for Development (AFD) indirectly through financial institutions, and directly to debtors by Banco Nacional de Fomento
    Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
    Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
    Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
    Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
    Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
    Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
    Notes: The IDB has provided a loan of $30 million to finance a home and neighborhood improvement program. Serves as very small source of outside funding compared to deposits.