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Costa Rica

Includes historical data for Costa Rica’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

An Outperformer On FDI

Over the past few decades, this nation of about 5.3 million people has achieved remarkable economic and social progress. An upper-middle-income country, Costa Rica is the longest-standing democracy in Latin America and the newest member of the Organization for Economic Cooperation and Development (OECD). Outpacing much richer nations, Costa Rica also routinely ranks amongst the happiest countries in the world. In 1949, it abolished its military and allocated valuable resources to establish a welfare system that today offers universal access to healthcare, primary and secondary education, and relatively generous pension benefits. Further, its governments have pursued an outward-oriented economic strategy, emphasizing foreign investment and gradual trade liberalization.

With a well-educated workforce, relatively low corruption levels, and high-tech industries, Costa Rica is the highest per-capita recipient of foreign direct investment (FDI) in the region. Yet, weaknesses persist, including a large informal economy, high unemployment, inadequate or deteriorating infrastructure, bureaucratic complexities, high energy costs, and exposure to natural disasters.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital San Jose
Sovereign Ratings S&P: BB+
Moody’s: Baa2
Fitch: BB+
Total Population 5.3 million
Median Age 34.3
Adult Per Capita Income (PPP) 31,165.05
Total GDP (2023) 96.1 billion

Colombia GDP & Economic Overview

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Costa Rica

Banking & Finance

Trade & Investment

Total Exports USD 25.1 billion (2023)
Leading Exports Medical Instruments
Orthopedic Appliances
Food Preparations
Total Imports USD 20.9 billion (2022)
Leading Imports Refined Petroleum
Broadcasting Equipment
Medical Instruments
Packaged Medicines
Source: World Integrated Trade Solution

Costa Rica Leading Companies

Banco Nacional de Costa Rica (BNCR) Financials
Banco de Costa Rica (BNCR) Financials
Banco BAC Credomatic S.A. Financials
Instituto Costarricense de Electricidad (ICE) Utilities
Corporación Pipasa Consumer Staples, Packaged Foods & Meats
Florida Bebidas S.A. Consumer Staples, Beverages
Dos Pinos Consumer Staples, Dairy Products

Major Trade Partners — Import

United States 38%
China 16%
Mexico 6%
Guatemala 3%
Germany 2%

Major Trade Partners — Export

United States 44%
Netherlands 7%
Belgium 5%
Guatemala 5%
Panama 4%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000