Costa Rica’s GDP shrank by 3.7 percent year-on-year in the fourth quarter of 2020, following an upwardly revised 7 percent decline in the previous period, amid the ongoing pandemic crisis. Output contracted at a slower pace for hotels & restaurants (-48-3 percent vs -57.2 percent in Q3); transportation & storage (-24.1 percent vs -30.6 percent); internal trade (-7.8 percent vs -13.6 percent); professional, scientific, administrative & support services (-0.9 percent vs -6.6 percent) and mining (-8.7 percent vs -15.7 percent). On a brighter note, robust growth was observed in manufacturing (8.1 percent vs 3.9 percent). source: Central Bank of Costa Rica
GDP Annual Growth Rate in Costa Rica averaged 4.09 percent from 1992 until 2020, reaching an all time high of 13.40 percent in the third quarter of 1992 and a record low of -8.50 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 May of 2021.
GDP Annual Growth Rate in Costa Rica is expected to be 7.00 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 2.40 in 12 months time. 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.