The Gross Domestic Product (GDP) in Costa Rica expanded 2.20 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Costa Rica averaged 4.26 percent from 1991 until 2019, reaching an all time high of 12.80 percent in the third quarter of 1992 and a record low of -3 percent in the first quarter of 2009. source: Central Bank Of Costa Rica

GDP Growth Rate in Costa Rica is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Costa Rica to stand at 1.30 in 12 months time. In the long-term, the Costa Rica GDP Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

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Costa Rica GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.10 12.80 -3.00 1991 - 2019 percent Quarterly
SA


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.

Costa Rica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.20 1.10 12.80 -3.00 percent [+]
GDP Annual Growth Rate 1.90 1.50 10.10 -0.70 percent [+]
GDP 60.13 58.17 60.13 0.48 USD Billion [+]
GDP Constant Prices 7242984.20 7193942.78 7242984.20 2181045.56 CRC Million [+]
Gross Fixed Capital Formation 1219723.20 1250818.80 1365275.40 319480.70 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 350286.27 348076.77 350286.27 155257.62 CRC Million [+]
GDP From Construction 270661.61 286620.03 330412.89 83583.09 CRC Million [+]
GDP From Manufacturing 858097.48 853439.16 858097.48 432803.50 CRC Million [+]
GDP From Mining 18903.21 19192.46 23307.24 12572.12 CRC Million [+]
GDP From Public Administration 278279.63 277920.56 278279.63 182422.57 CRC Million [+]
GDP From Services 679452.42 679357.89 681809.97 284711.09 CRC Million [+]
GDP From Transport 278116.37 277162.97 278116.37 120501.14 CRC Million [+]
GDP From Utilities 174562.19 176714.76 177488.63 57390.90 CRC Million [+]