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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
