Costa Rica recorded a Current Account deficit of 2.50 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Costa Rica averaged -5.12 percent from 1977 until 2019, 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. Costa Rica Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Costa Rica is expected to reach -3.70 percent by the end of 2020, 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 2021 and -4.00 percent in 2022, according to our econometric models.

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Costa Rica Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -3.30 -1.05 -15.59 1977 - 2019 percent Yearly

Costa Rica Trade Last Previous Highest Lowest Unit
Balance of Trade -187.19 -221.75 139.55 -661.40 USD Million [+]
Current Account -260.56 9.76 101.76 -998.53 USD Million [+]
Current Account to GDP -2.50 -3.30 -1.05 -15.59 percent [+]
Imports 1169.08 1161.27 1567.74 280.48 USD Million [+]
Exports 981.89 939.53 1146.74 189.28 USD Million [+]
External Debt 30667.00 29364.20 30667.00 4464.80 USD Million [+]
Capital Flows -555.10 831.95 831.95 -2431.19 USD Million [+]
Remittances 118.62 103.80 172.97 29.45 USD Million [+]
Gold Reserves 0.00 0.00 0.12 0.00 Tonnes [+]
Foreign Direct Investment 502.40 1105.50 1187.30 82.60 USD Million [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]

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.