The Gross Domestic Product (GDP) in Costa Rica expanded 0.50 percent in the first quarter of 2021 over the previous quarter. source: Central Bank Of Costa Rica

GDP Growth Rate in Costa Rica averaged 1.01 percent from 1991 until 2021, reaching an all time high of 4.30 percent in the fourth quarter of 1991 and a record low of -7.80 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 October of 2021.

GDP Growth Rate in Costa Rica is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica GDP Growth Rate is projected to trend around 0.50 percent in 2022, according to our econometric models.

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Costa Rica GDP Growth Rate


Costa Rica Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.50 percent Mar/21 4.00 4.30 -7.80
GDP Annual Growth Rate 7.90 percent Jun/21 -1.90 9.90 -7.00
GDP Constant Prices 9002572.73 CRC Million Jun/21 8799920.22 9053482.79 2590588.34
Gross Fixed Capital Formation 1395115.20 CRC Million Mar/21 1432914.10 1641451.80 343050.40
GDP From Utilities 233607.33 CRC Million Jun/21 221069.04 233607.33 72681.45
GDP From Transport 353034.05 CRC Million Jun/21 311218.41 399355.90 165237.26
GDP From Services 779857.72 CRC Million Jun/21 784529.99 808226.52 324298.75
GDP From Public Administration 366480.53 CRC Million Jun/21 369040.84 372084.30 244914.62
GDP From Mining 26725.55 CRC Million Jun/21 24581.53 27733.83 14999.97
GDP From Manufacturing 1239898.81 CRC Million Jun/21 1152492.66 1239898.81 519628.60
GDP From Construction 357041.71 CRC Million Jun/21 329727.29 442316.28 113381.41
GDP From Agriculture 426593.69 CRC Million Jun/21 404679.23 426593.69 183488.27


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.