Costa Rica's economy advanced 3.55 percent year-on-year in the second quarter of 2018, compared to an upwardly revised 2.76 percent expansion in the previous period. Faster growth against the first quarter was mainly explained by construction, which rebounded a sharp 11.57 percent following a 2.56 percent contraction in the previous three months. Mining also rebounded (+2.69 percent vs -3.71 percent). In addition, manufacturing gained steam (+3.50 percent vs +1.57 percent) and utilities grew 2.1 percent after a soft first quarter (+0.7 percent). Meantime, among services, lodging & restaurant activity expanded at a much softer clip of 1.45 percent (vs +6.18 percent), whereas information & communication (+5.01 percent vs +5.25 percent) and professional services (+5.10 percent vs +5.02 percent) remained growing above average. GDP Annual Growth Rate in Costa Rica averaged 4.44 percent from 1992 until 2018, reaching an all time high of 13.30 percent in the third quarter of 1992 and a record low of -2.50 percent in the second quarter of 2009.

GDP Annual Growth Rate in Costa Rica is expected to be 3.20 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 2.70 in 12 months time. In the long-term, the Costa Rica GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Costa Rica GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-27 11:30 PM GDP Growth Rate YoY 2.98% 3.74% 3.85%
2018-04-02 10:00 PM GDP Growth Rate YoY 3.01% 2.81% 3.2%
2018-07-02 11:00 PM GDP Growth Rate YoY 2.55% 3.10% 3.40%
2018-09-28 11:15 PM GDP Growth Rate YoY 3.55% 2.76% 3.2%
2018-12-31 07:00 PM GDP Growth Rate YoY 3.55% 2.6%
2019-04-02 10:00 PM GDP Growth Rate YoY 3.20%
2019-07-02 11:00 PM GDP Growth Rate YoY 3.0%


Costa Rica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.70 4.20 -2.70 percent [+]
GDP Annual Growth Rate 3.60 2.80 13.30 -2.50 percent [+]
GDP 57.06 56.99 57.06 0.48 USD Billion [+]
GDP Constant Prices 7051447.89 7130637.42 7130637.42 2143041.17 CRC Million [+]
Gross Fixed Capital Formation 1303008.79 1208521.09 1489384.58 302185.96 CRC Million [+]
GDP per capita 9792.00 9583.86 9792.00 2729.16 USD [+]
GDP per capita PPP 15524.99 15195.00 15524.99 7787.09 USD [+]
GDP From Agriculture 371006.54 363510.98 371006.54 144743.90 CRC Million [+]
GDP From Construction 332729.17 293406.86 344855.92 79644.29 CRC Million [+]
GDP From Manufacturing 809637.37 866269.56 866269.56 406975.96 CRC Million [+]
GDP From Mining 16450.38 19156.01 31691.53 11231.40 CRC Million [+]
GDP From Public Administration 279586.16 278428.78 279586.16 181830.07 CRC Million [+]
GDP From Services 672662.52 676650.76 722030.49 288421.47 CRC Million [+]
GDP From Transport 276203.54 271155.20 276203.54 119697.14 CRC Million [+]
GDP From Utilities 180589.19 171731.17 180589.19 56824.44 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 2.80 13.30 -2.50 1992 - 2018 percent Quarterly




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