Costa Rica: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Has one of the highest levels of foreign direct investment per capita in Latin America. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): United States, China, and Mexico |
| Top Industries Source: CIA World Factbook | Microprocessors; Food Processing; Medical Equipment; Textiles and Clothing |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $107,706,598,651 (2020) |
| GDP Growth Rate (annual %) | -4.064% (2020) |
| GDP Per Capita, PPP (current international) | $21,143 (2020) |
GDP Country Rank 87/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.725% (2020) |
| External debt stocks, total (DOD, current US$) | $31,287,627,815 (2020) |
| Total tax rate (% of commercial profits) | 58.3% (2019) |
| Real Interest Rate (5 year average %) | 6.421% (2020) |
| Manufacturing, value added (% of GDP) | 12.498% (2020) |
| Current Account Balance (BoP, current US$) | ($1,349,054,299) (2020) |
Labor and Employment [1]
| Labor Force, Total | 2,444,872 (2020) |
| Employment in Agriculture (% of total employment) | 11.891% (2020) |
| Employment in Industry (% of total employment) | 19.789% (2020) |
| Employment in Services (% of total employment) | 68.32% (2020) |
| Unemployment Rate | 17.08% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $18,440,697,234 (2020) |
| Exports of goods and services (current US$) | $19,488,980,348 (2020) |
| Total Merchandise Trade (% of GDP) | 43.844% (2020) |
| FDI, net inflows (BoP, current US$) | $2,719,031,329 (2019) |
| Commercial Service Exports (current US$) | $7,726,900,003 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Costa Rica’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.