The Gross Domestic Product (GDP) in Costa Rica contracted 8.30 percent in the second quarter of 2020 over the previous quarter. source: Central Bank Of Costa Rica

GDP Growth Rate in Costa Rica averaged 0.96 percent from 1991 until 2020, reaching an all time high of 4.30 percent in the fourth quarter of 1991 and a record low of -8.30 percent in the second quarter of 2020. This page provides the latest reported value for - Costa Rica GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Costa Rica GDP Growth Rate - values, historical data and charts - was last updated on May of 2021.

GDP Growth Rate in Costa Rica is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Costa Rica to stand at 1.10 in 12 months time. In the long-term, the Costa Rica GDP Growth Rate is projected to trend around 0.80 percent in 2021 and 1.00 percent in 2022, according to our econometric models.

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Costa Rica GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-8.30 -1.90 4.30 -8.30 1991 - 2020 percent Quarterly
SA


Costa Rica GDP Growth Rate
Costa Rica is an upper middle-income country with a service based economy where commerce, tourism and services account for more than 60 percent of GDP. However, in recent years, the country has been diversifying its industrial base and it has become an important producer of electronic components and medical equipment, mostly due to rise in foreign direct investment.