Costa Rica’s GDP contracted by 1.3 percent year-on-year in the first quarter of 2021, following a 4.4 percent decline in the previous period, amid the ongoing pandemic crisis. Output contracted at a slower pace for transportation & storage (-19.1 percent vs -25.4 percent in Q4) and hotels & restaurants (-40.4 percent vs -48.9 percent). Also, public administration and compulsory affiliation social security plans output advanced faster (4.5 percent vs 2.0 percent). On the other hand, manufacturing production slowed (6.1 percent vs 6.6 percent). source: Central Bank of Costa Rica
GDP Annual Growth Rate in Costa Rica averaged 4.05 percent from 1992 until 2021, reaching an all time high of 9.90 percent in the third quarter of 1992 and a record low of -7.10 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 September of 2021.
GDP Annual Growth Rate in Costa Rica is expected to be 5.70 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 Annual Growth Rate is projected to trend around 3.20 percent in 2022 and 3.10 percent in 2023, according to our econometric models.