The economy of Costa Rica advanced 1.8 percent year-on-year in the first quarter of 2019, easing from a 1.9 percent expansion in the previous period. It was the weakest growth rate since the last quarter of 2009, as output shrank in agriculture (-0.6 percent vs 0.1 percent in Q4) and trade (-0.4 percent vs 0.5 percent). Also, mining output contract further (-6.6 percent vs -4 percent) and growth slowed in manufacturing (1.4 percent vs 1.9 percent); construction (1 percent vs 1.9 percent); and real estate (2 percent vs 2.2 percent). On the expenditure side, fixed investment shrank 1.4 percent, after expanding 1.3 percent in the prior quarter; household consumption grew 1.6 percent (the same as in Q4), while public spending rebounded (1.6 percent vs -2.1 percent). GDP Annual Growth Rate in Costa Rica averaged 4.37 percent from 1992 until 2019, reaching an all time high of 10.20 percent in the third quarter of 1992 and a record low of -2.40 percent in the first quarter of 2009.

GDP Annual Growth Rate in Costa Rica is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Costa Rica to stand at 2.60 in 12 months time. In the long-term, the Costa Rica GDP Annual Growth Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Costa Rica GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 11:15 PM GDP Growth Rate YoY Q2 3.55% 2.76% 3.2%
2018-12-28 07:00 PM GDP Growth Rate YoY Q3 1.82% 3.35% 2.6%
2019-04-01 03:30 PM GDP Growth Rate YoY Q4 1.9% 2.4% 2.6%
2019-07-01 04:00 PM GDP Growth Rate YoY Q1 1.8% 1.9% 2.2%
2019-09-30 11:15 PM GDP Growth Rate YoY Q2 1.8% 1%
2019-12-31 07:00 PM GDP Growth Rate YoY Q3 2.3%


Costa Rica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 1.40 12.80 -3.00 percent [+]
GDP Annual Growth Rate 1.80 1.90 10.20 -2.40 percent [+]
GDP 60.13 58.17 60.13 0.48 USD Billion [+]
GDP Constant Prices 7180489.00 7132877.00 7180489.00 2183739.00 CRC Million [+]
Gross Fixed Capital Formation 1303919.10 1303671.00 1369578.20 315448.20 CRC Million [+]
GDP per capita 9892.64 9732.27 9892.64 2857.54 USD [+]
GDP per capita PPP 15684.57 15430.31 15684.57 7715.47 USD [+]
GDP From Agriculture 346044.00 346308.20 349023.50 155258.70 CRC Million [+]
GDP From Construction 319196.30 315510.50 326456.70 83909.10 CRC Million [+]
GDP From Manufacturing 845377.40 842896.90 845377.40 432979.90 CRC Million [+]
GDP From Mining 19252.39 19419.88 23305.61 12577.48 CRC Million [+]
GDP From Public Administration 279296.40 277893.10 279296.40 182040.30 CRC Million [+]
GDP From Services 680751.30 682745.90 684628.80 283512.80 CRC Million [+]
GDP From Transport 279227.50 277022.90 279227.50 120104.70 CRC Million [+]
GDP From Utilities 181830.00 179783.50 181830.00 57621.20 CRC Million [+]


Costa Rica GDP Annual Growth Rate

The biggest sector of Costa Rica’s economy is services, which accounts for 63 percent of GDP. Within services the most important segments are: transport, communication and warehousing (16 percent of GDP); trade, restaurants and hotels (15 percent) and community, personal and social services (9 percent). Manufacturing, mining and quarrying create 21 percent of the wealth. Agriculture, forestry and fishing contribute for 9 percent of the output and construction and water and electricity distribution for the remaining 7 percent. This page provides the latest reported value for - Costa Rica GDP Annual 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 Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.90 10.20 -2.40 1992 - 2019 percent Quarterly




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