The economy of Costa Rica grew 1.9 percent year-on-year in the fourth quarter of 2018, following a revised 2.4 percent expansion in the previous three-month period, as growth slowed for agriculture (0.8 percent vs 1.6 percent in Q3), construction (6.5 percent vs 7.4 percent), trade (0.9 percent vs 1.5 percent) and information and communication (5.2 percent vs 6.6 percent), while education and health output continued to contract (-3.3 percent vs -0.5 percent). By contrast, growth accelerated for manufacturing (2.2 percent vs 2.1 percent); financial and insurance activities (5.8 percent vs 4.2 percent) and business services (4.2 percent vs 4 percent). On the expenditure side of the accounts, a slowdown was seen in private consumption (1.6 percent vs 2 percent) and fixed investment (2.2 percent vs 2.9 percent), while public spending fell further (-3.2 percent vs -0.3 percent). GDP Annual Growth Rate in Costa Rica averaged 4.39 percent from 1992 until 2018, reaching an all time high of 10.20 percent in the third quarter of 1992 and a record low of -2.40 percent in the first quarter of 2009.

GDP Annual Growth Rate in Costa Rica is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Costa Rica to stand at 2.50 in 12 months time. In the long-term, the Costa Rica GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Costa Rica GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-02 11:00 PM GDP Growth Rate YoY 2.55% 3.10% 3.40%
2018-09-28 11:15 PM GDP Growth Rate YoY 3.55% 2.76% 3.2%
2018-12-28 07:00 PM GDP Growth Rate YoY 1.82% 3.35% 2.6%
2019-04-01 03:30 PM GDP Growth Rate YoY 1.9% 2.4% 2.6%
2019-06-28 11:00 PM GDP Growth Rate YoY 1.9% 2.2%
2019-09-30 11:15 PM GDP Growth Rate YoY 2.5%
2019-12-31 07:00 PM GDP Growth Rate YoY 2.3%


Costa Rica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.90 2.70 12.80 -3.00 percent [+]
GDP Annual Growth Rate 1.90 2.40 10.20 -2.40 percent [+]
GDP 57.06 56.99 57.06 0.48 USD Billion [+]
GDP Constant Prices 7128345.33 7104091.78 7128345.33 2183966.40 CRC Million [+]
Gross Fixed Capital Formation 1316798.70 1309843.10 1368438.90 315629.00 CRC Million [+]
GDP per capita 9792.00 9583.86 9792.00 2729.16 USD [+]
GDP per capita PPP 15524.99 15195.00 15524.99 7787.09 USD [+]
GDP From Agriculture 348787.89 349070.30 349473.07 155256.93 CRC Million [+]
GDP From Construction 318476.28 321878.18 327786.85 81608.86 CRC Million [+]
GDP From Manufacturing 844915.75 839422.08 844915.75 433004.50 CRC Million [+]
GDP From Mining 19577.39 20035.54 23302.66 12581.13 CRC Million [+]
GDP From Public Administration 277656.59 277462.59 277705.95 182040.28 CRC Million [+]
GDP From Services 685338.79 684960.11 685338.79 283537.51 CRC Million [+]
GDP From Transport 276874.67 275163.32 276874.67 120089.79 CRC Million [+]
GDP From Utilities 179441.43 179077.94 179441.43 57330.36 CRC Million [+]


Costa Rica GDP Annual Growth Rate

The biggest sector of Costa Rica’s economy is services, which accounts for 63 percent of GDP. Within services the most important segments are: transport, communication and warehousing (16 percent of GDP); trade, restaurants and hotels (15 percent) and community, personal and social services (9 percent). Manufacturing, mining and quarrying create 21 percent of the wealth. Agriculture, forestry and fishing contribute for 9 percent of the output and construction and water and electricity distribution for the remaining 7 percent. This page provides the latest reported value for - Costa Rica GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Costa Rica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.40 10.20 -2.40 1992 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
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Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Mexico 1.30 Mar/19
Euro Area 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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