Costa Rica’s GDP advanced 6.9 percent year-on-year in the first quarter of 2022. source: Central Bank of Costa Rica

GDP Annual Growth Rate in Costa Rica averaged 4.26 percent from 1992 until 2022, reaching an all time high of 10.50 percent in the second quarter of 2021 and a record low of -7.20 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Annual Growth Rate in Costa Rica is expected to be 5.20 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 Annual Growth Rate is projected to trend around 3.10 percent in 2023, according to our econometric models.

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Costa Rica GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-27 06:05 PM Q3 10.3% 9.8% 5.7%
2022-04-01 03:30 PM Q4 9.9% 10.6% 9.8%
2022-09-30 11:00 AM Q2 6.9% 5.2%


Related Last Previous Unit Reference
GDP Growth Rate -0.50 1.00 percent Mar 2022
GDP Annual Growth Rate 6.90 8.90 percent Mar 2022
GDP Constant Prices 9621435.16 9622326.42 CRC Million Mar 2022
Gross Fixed Capital Formation 1701644.80 1627852.80 CRC Million Mar 2022
GDP From Utilities 234062.02 236621.64 CRC Million Mar 2022
GDP From Transport 439033.75 424312.47 CRC Million Mar 2022
GDP From Services 832085.93 830513.37 CRC Million Mar 2022
GDP From Public Administration 370061.95 368957.22 CRC Million Mar 2022
GDP From Mining 26766.30 25869.82 CRC Million Mar 2022
GDP From Manufacturing 1263919.16 1278121.96 CRC Million Mar 2022
GDP From Construction 368883.72 380114.08 CRC Million Mar 2022
GDP From Agriculture 423436.47 433955.56 CRC Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.90 8.90 10.50 -7.20 1992 - 2022 percent Quarterly
2017=100, SA

News Stream
Costa Rica GDP Growth Eases to 9.9% in Q4
Costa Rica’s GDP advanced 9.9 percent year-on-year in the fourth quarter of 2021, following an upwardly revised 10.6 percent expansion in the previous quarter. Output eased for wholesale and retail trade (9.5 percent vs 11.7 percent), transport and storage (32.9 percent vs 40.7 percent), accommodation and food service activities (67.4 percent vs 71.2 percent), manufacturing (9.2 percent vs 15.4 percent), utilities (3.9 percent vs 3.5 percent), agriculture (3.5 percent vs 4.6 percent) and mining & quarrying (3.5 percent vs 10.2 percent). Meanwhile, output accelerated for construction (10.9 percent vs 9.8 percent) and real estate activities (6 percent vs 4.6 percent).
2022-04-01
Costa Rica GDP Annual Growth at Record High
Costa Rica’s GDP surged by 10.3 percent year-on-year in the third quarter of 2021, following an upwardly revised expansion of 9.8 percent in the previous quarter. It was the largest growth rate recorded since 1992, mainly due to the lower base effect as the economy was impacted by COVID-19 restrictions last year. Output accelerated for restaurants & hotels (72.5 percent vs 56.3 percent in the second quarter), Construction (14.4 percent vs 3.1 percent), utilities (7.4 percent vs 7.1 percent), and agriculture (4.1 percent vs 3.5 percent). Meanwhile, the output growth eased for manufacturing (14.1 vs 19.1 percent) and mining & quarrying (8.6 percent vs 14 percent).
2021-12-27
Costa Rica Growth Rate at Over 13-Year High in Q2
Costa Rica’s GDP surged by 7.9 percent year-on-year in the second quarter of 2021, following an upwardly revised contraction of 1.9 percent in the previous quarter. It was the largest growth recorded since the third quarter of 2007 brought by the easing, to some extent, of pandemic related restrictions. Output rebounded for transportation (30.9 percent vs -14 percent in Q1), restaurants and hotels (49.5 percent vs -40.3 percent), and mining and quarrying (13 percent vs -1.2 percent). Also, manufacturing production accelerated (19.8 percent vs 9.1 percent).
2021-10-01