Economy of Costa Rica
Population: 5.00 M (2018)
GDP per Capita: 12,027 USD (2018)
60,130 M.

GDP USD

(2018)

Display Chart
20,290 M.

EXPORTS USD

(2018)

Display Chart
19,990 M.

IMPORTS USD

(2018)

Display Chart
77.47 %

PUBLIC DEBT

(2019)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.63 % (2018)
GDP of 2010 USD USD 49.40 B. (2018)
GDP Current USD USD 60.13 B. (2018)
GDP per Capita Current USD USD 12,027 (2018)
GDP per capita, PPP USD 15,680 (2018)
GDP per Capita, 2010 USD USD 9,890 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 17.02 % (2018)
Government Spending USD 10.23 B. (2018)
Government Debt % GDP 77.47 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 97.79 (2018)
Trade Openness 66.99 % (2018)
Exports of Goods and Services % GDP 33.75 % (2018)
Exports Goods & Services USD 20.29 B. (2018)
Exports Annual Growth 4.20 % (2018)
Imports as % GDP 33.24 % (2018)
Total Imports USD 19.99 B. (2018)
Foreign Direct Investment % GDP 4.60 % (2018)
Foreign Direct Investment USD 2.76 B. (2018)
Current Account Balance % GDP USD -3.10 % (2018)
Current Account Balance USD -1.87 B. (2018)
Trade Balance % GDP 0.51 % (2018)
Trade Balance USD 0.93 B. (2018)
Foreign Exchange Reserves incl Gold USD 7.50 B. (2018)
Remittances % GDP 0.89 % (2018)
Remittances USD 499 M. (2018)
Balance of Payments USD 84 M. (2018)

Labor Market

Indicator Value
Labor Force 2.39 M. (2019)
Unemployment Rate 8.19 % (2019)
Unemployment Rate Females 14.85 % (2019)
Unemployment Rate Males 9.94 % (2019)
Youth Unemployment (ages 15-24) 21.17 % (2019)
Labor Force Participation Rate 60.05 % (2019)
Labor Force (Percent Female) 39.02 % (2019)
Female Labor Force Participation Rate 45.86 % (2019)
Male Labor Force Participation Rate 74.42 % (2019)
Dependent People 44.66 % (2018)

Agriculture Sector

Indicator Value
Forest Area 54.60 % (2016)
Forest Area km² 27,862 km² (2016)
Agricultural Land 34.46 % (2016)
Agricultural Land km² 17,595 km² (2016)
Employment 12.33 % (2019)
Value added % GDP 4.58 % (2018)
Agriculture Value added USD 2.75 B. (2018)
Crop Production Index 130.30 (2016)
Precipitation 2,926 mm (2014)
Arable Land 5 % (2016)
Cereal Yield 4,187 kg/hectare (2017)
Food production index 131 (2016)
Rural Population 21 % (2018)
Fertilizer use of Arable Land 605 kg/hectare (2016)
Livestock Production Index 127 (2016)
Economy of Costa Rica

According to the World Bank and its latest published data, the economy of the Costa Rica presents a growth rate of 2.63 % (2018) to the previous year.

With a population that reaches 5.00 M (2018) and a gross domestic product of USD 60.13 B. (2018), it translates a Gross Domestic Product per Capita of USD 12,027 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Costa Rica also has a workforce of 2.39 M. (2019) with an unemployment rate of 8.19 % (2019), where women represent 14.85 % (2019) and men 9.94 % (2019), the unemployment rate for young people between 15-24 years old stood at 21.17 % (2019). The total number of dependent people stands at 44.66 % (2018).

The central government spent 17.02 % (2018) of its gross domestic product that year, which in absolute terms is USD 10.23 B. (2018). Its consolidated public debt reached 77.47 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Costa Rica exported USD 20.29 B. (2018), which represents 33.75 % (2018) of its gross domestic product, in that same sense its imports reached USD 19.99 B. (2018) with a direct foreign investment of USD 2.76 B. (2018).

Costa Rica has a forest area of 27,862 km² (2016), which represents 54.60 % (2016) of its total area, an average rainfall of 2,926 mm (2014) per year and a population of 21 % (2018) living in rural areas. With a total area of 17,595 km² (2016) available for agriculture and 12.33 % (2019) of its employments, the agricultural sector contributes to the economy of the Costa Rica about USD 2.75 B. (2018) (4.58 % (2018) of its GDP).