Browse a full set of economic indicators

Costa Rica

Includes Costa Rica real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

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Basic Information

Government Type: Presidential republic

Capital City: San Jose

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Central Bank of Costa Rica
Currency Costa Rican colones (CRC)
International Reserves
USD 7.5 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product – GDP USD 59.0 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 88.2 billion (2018, estimate)

GDP Data

Real GDP growth 2007 8.2%
2008 4.7%
2009 -1%
2010 5%
2011 4.3%
2012 4.8%
2013 2.3%
2014 3.5%
2015 3.6%
2016 4.2%
2017* 3.4%
2018* 2.7%

*Estimate
GDP per capita – current prices USD 11,744.4 (2018, estimate)
GDP per capita – PPP Intl$ 17,559.1 (2018, estimate)
GDP (PPP) – share of world total 0.07% (2019, estimate)
GDP – composition by sector agriculture: 4.6%
industry: 19.5%
services: 68.3%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015 0.8%
2016 0%
2017 1.6%
2018 2.2%
2019 2.7%

*Estimate

Inflation & Debt

Inflation 2015 0.8%
2016 0%
2017 1.6%
2018 2.2%
2019 2.7%

*Estimate
Government Bond Ratings Standard & Poor’s: B+

Moody’s: B1

Standard & Poor’s / Moody’s
Unemployment rate 2015 9.6%
2016 9.5%
2017 9.3%
2018* 12%
2019* 11.5%

*Estimate
Household saving rates 4.6% (2016)
Public debt (General government gross debt as a % of GDP) 2015 40.9%
2016 44.9%
2017 48.6%
2018* 53.5%
2019* 57.1%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015 -5.6%
2016 -5.3%
2017 -6.2%
2018* -6%
2019* -6.2%

*Estimate

Market value of publicly traded shares 2016 USD 2.9 billion
2017 USD 3.0 billion
2018 N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 33.7% (2018)

Shares in world total merchandising export 0.06% (2018)
Shares in world total commercial services export 0.16% (2018)

Total exports USD 20.6 billion (2018)
Export commodities Bananas, pineapples, coffee, melons, ornamental plants, sugar; beef; seafood; electronic components, medical equipment
Total imports USD 19.7 billion (2018 estimate)
Import commodities Raw materials, consumer goods, capital equipment, petroleum, construction materials
Exports – major partners US 40.9%, Belgium 6.3%, Panama 5.6%, Netherlands 5.6%, Nicaragua 5.1%, Guatemala 5%(2017)
Imports – major partners US 38.1%, China 13.1%, Mexico 7.3% (2017)

Competitiveness & Trade

Current account balance USD -1.9 billion (2018 estimate)
Current account balance by percentage of GDP -3.1 % (2018 estimate)
FDI inflows 2016 USD 2,204 million
2017 USD 2,742 million
2018 USD 2,134 million
FDI Outflows 2016 USD 77 million
2017 USD 159 million
2018 USD 58 million
Value of cross-border M&A, by country of purchaser 2015 N/A
2016 N/A
2017 N/A
2018 N/A
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

74 out of 190 countries

​Subcategories:
Starting a Business: 144 out of 190 countries
Dealing with Construction Permits: 78 out of 190 countries
Getting Electricity: 25 out of 190 countries
Registering Property: 49 out of 190 countries
Getting Credit: 15 out of 190 countries
Protecting Minority Investors: 110 out of 190 countries
Paying Taxes: 66 out of 190 countries
Trading across Borders: 80 out of 190 countries
Enforcing Contracts: 111 out of 190 countries
Resolving Insolvency: 137 out of 190 countries
World Bank – Doing Business 2019
Global competitiveness ranking 62 out of 141 countries (2019)
Index of Economic Freedom
Ranking: 61 / Score: 65.3 (Moderately free)

(100=totally free 0=totally repressed)

Population & Geographic Data

Total Area 51,100 sq km

Total Population 1990 3.05 Million
2000 3.81 Million
2010 4.55 Million
2015 4.85 Million
2020 5.14 Million

*Estimate
Urban population as % of total population 1960 34.3%
1980 43.1%
2000 59.1%
2018 79.3%
Population median age 31.7 years
Population growth rate 1.13% (2018 estimate)
Life expectancy 78.9 years (2018 estimate)
% of population living on less than $3.10 a day 2.7% (last available estimate, 2017)
Inequality of wealth distribution (Gini index)
48.3 (last available estimate, 2017)

(0=perfect equality, 100=absolute inequality)
Freedom House rating Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 15.5% Mobile: 169.9% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 74.09 % (2018)

Language & Religon

Languages Spanish (official), English
Literacy Total population: 97.8%
Male: 97.7%
Female: 97.8%
Definition: age 15 and over can read and write (2015 est.)
Religions Roman Catholic 71.8%, Evangelical and Pentecostal 12.3%, other Protestant 2.6%, Jehovah’s Witness 0.5%, other 2.4%, none 10.4% (2016 est.)

World Rankings

Population 5.14 million
Mercer Cost of living index San José: 131st (2019)
C02 Emissions per capita 1.9 metric tons per capita (2018)1.62 metric tons per capita (2014)

Global Finance Rankings & Awards: Costa Rica

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

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

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