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 (2021): 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) | $129,120,035,924 (2022) |
| GDP Growth Rate (annual %) | 4.305% (2022) |
| GDP Per Capita, PPP (current international) | $24,923 (2022) |
GDP Country Rank 88/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 8.275% (2022) |
| External debt stocks, total (DOD, current US$) | $33,787,823,209 (2021) |
| Total tax rate (% of commercial profits) | 58.3% (2019) |
| Real Interest Rate (5 year average %) | 1.509% (2022) |
| Manufacturing, value added (% of GDP) | 14.335% (2022) |
| Current Account Balance (BoP, current US$) | ($2,706,053,460) (2022) |
Labor and Employment [1]
| Labor Force, Total | 2,538,299 (2022) |
| Employment in Agriculture (% of total employment) | 17.139% (2021) |
| Employment in Industry (% of total employment) | 17.186% (2021) |
| Employment in Services (% of total employment) | 65.675% (2021) |
| Unemployment Rate | 11.453% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $26,571,720,606 (2022) |
| Exports of goods and services (current US$) | $28,146,610,854 (2022) |
| Total Merchandise Trade (% of GDP) | 68.382% (2022) |
| FDI, net inflows (BoP, current US$) | $3,560,958,051 (2022) |
| Commercial Service Exports (current US$) | $11,748,809,942 (2022) |
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.