Costa Rica recorded a Current Account deficit of 3.10 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Costa Rica averaged -5.20 percent from 1977 until 2018, reaching an all time high of -1.05 percent in 1991 and a record low of -15.59 percent in 1981. This page provides - Costa Rica Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Costa Rica is expected to be -3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica Current Account to GDP is projected to trend around -3.80 percent in 2020, according to our econometric models.


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Costa Rica Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -3.10 -1.05 -15.59 1977 - 2018 percent Yearly

Costa Rica Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Costa Rica Trade Last Previous Highest Lowest Unit
Balance of Trade -402.80 -420.20 139.55 -661.40 USD Million [+]
Current Account -420.00 -403.00 101.76 -998.53 USD Million [+]
Current Account to GDP -3.10 -3.10 -1.05 -15.59 percent [+]
Imports 1265.51 1392.90 1567.74 280.48 USD Million [+]
Exports 862.70 972.70 1070.63 189.28 USD Million [+]
External Debt 28932.50 29205.80 29413.00 4464.80 USD Million [+]
Capital Flows -301.02 229.29 334.52 -2431.19 USD Million [+]
Remittances 135.01 129.61 172.97 29.45 USD Million [+]
Gold Reserves 0.00 0.00 0.12 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 593.30 451.20 1187.30 82.60 USD Million [+]