Costa Rica GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Costa Rica GDP from 1980 to 2024

The total market value of goods and services produced annually in Costa Rica.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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