Costa Rica's GDP changed from approximately $4B 854M in 1980 to $96B 58M in 2024, showing an overall 1878.9% sharply increased during the period.
The lowest GDP was recorded in 1982 at $2B 619M, and the highest in 2024 at $96B 58M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.0%.
For comparison, the average annual growth rate of Panama was 7.1%, and that of Nicaragua was 5.4%.
Costa Rica GDP from 1980 to 2024
The total market value of goods and services produced annually in Costa Rica.
Overview of Costa Rica's GDP (1980–2024)
The Gross Domestic Product (GDP) of Costa Rica recorded a 1878.9% sharply increased from 1980 to 2024.
The average GDP during this period was $28B 271M, and the median was $16B 584M.
GDP fluctuated within a range of $93B 439M, with a standard deviation of $25B 701M.
The average annual change was $1B 827M.
Highest and Lowest GDP Records
- Lowest GDP: 1982, $2B 619M
- Highest GDP: 2024, $96B 58M
- Most Recent GDP: 2024, $96B 58M
Notable Annual GDP Changes
- 2023: Significant increase in GDP
- 1981: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Costa Rica's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $64B 412M → $62B 382M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $26B 885M → $30B 746M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $15B 16M → $15B 979M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $12B 618M → $13B 688M
- Outcome: increased
Key Economic Indicators of Costa Rica (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 4B 854M | $ 2,108.75 | $ 3,560.21 | $ 8B 195M | 0.752 % | -13.658 % | 12.78 % | 0 % | 2M 302K people |
1981 | $ 2B 636M | $ 1,111.35 | $ 3,696.36 | $ 8B 768M | -2.26 % | -15.932 % | 12.96 % | 0 % | 2M 372K people |
1982 | $ 2B 619M | $ 1,071.93 | $ 3,532.93 | $ 8B 631M | -7.285 % | -9.164 % | 15.41 % | 0 % | 2M 443K people |
1983 | $ 3B 162M | $ 1,257.36 | $ 3,669.14 | $ 9B 226M | 2.859 % | -8.951 % | 13.45 % | 0 % | 2M 514K people |
1984 | $ 3B 678M | $ 1,421.16 | $ 3,990.38 | $ 10B 326M | 8.028 % | -4.242 % | 18.35 % | 0 % | 2M 588K people |
1985 | $ 3B 941M | $ 1,478.37 | $ 4,024.71 | $ 10B 730M | 0.722 % | -3.298 % | 22.47 % | 0 % | 2M 666K people |
1986 | $ 4B 425M | $ 1,611.32 | $ 4,206.44 | $ 11B 552M | 5.536 % | -1.672 % | 23.42 % | 0 % | 2M 746K people |
1987 | $ 4B 554M | $ 1,612.56 | $ 4,391.71 | $ 12B 402M | 4.765 % | -5.029 % | 21.97 % | 0 % | 2M 824K people |
1988 | $ 4B 636M | $ 1,598.04 | $ 4,577.94 | $ 13B 280M | 3.432 % | -3.462 % | 20.89 % | 0 % | 2M 901K people |
1989 | $ 5B 250M | $ 1,763.48 | $ 4,898.53 | $ 14B 583M | 5.666 % | -7.158 % | 19.30 % | 0 % | 2M 977K people |
1990 | $ 5B 737M | $ 1,880.75 | $ 5,137.84 | $ 15B 673M | 3.6 % | -7.796 % | 19.40 % | -1.082 % | 3M 51K people |
1991 | $ 7B 197M | $ 2,305.41 | $ 5,308.09 | $ 16B 570M | 2.263 % | -3.108 % | 15.29 % | 0.832 % | 3M 122K people |
1992 | $ 8B 566M | $ 2,684.09 | $ 5,799.33 | $ 18B 507M | 9.201 % | -4.771 % | 15.66 % | 1.351 % | 3M 191K people |
1993 | $ 9B 586M | $ 2,926.91 | $ 6,195.58 | $ 20B 290M | 7.097 % | -7.202 % | 13.83 % | 0.921 % | 3M 275K people |
1994 | $ 10B 489M | $ 3,110.16 | $ 6,422.38 | $ 21B 660M | 4.519 % | -4.893 % | 15.88 % | -2.214 % | 3M 373K people |
1995 | $ 11B 578M | $ 3,336.71 | $ 6,638.11 | $ 23B 33M | 4.154 % | -3.222 % | 16.32 % | 0.856 % | 3M 470K people |
1996 | $ 11B 683M | $ 3,277.61 | $ 6,668.65 | $ 23B 771M | 1.35 % | -2.357 % | 15.39 % | 0.597 % | 3M 565K people |
1997 | $ 12B 618M | $ 3,450.91 | $ 6,975.32 | $ 25B 505M | 5.476 % | -3.642 % | 16.41 % | 0.872 % | 3M 657K people |
1998 | $ 13B 688M | $ 3,653.15 | $ 7,375.91 | $ 27B 638M | 7.155 % | -3.584 % | 19.08 % | 0.761 % | 3M 747K people |
1999 | $ 14B 259M | $ 3,715.41 | $ 7,611.39 | $ 29B 210M | 4.215 % | -4.865 % | 16.21 % | 1.581 % | 3M 838K people |