The Gross Domestic Product (GDP) in Costa Rica contracted 0.50 percent in the first quarter of 2022 over the previous quarter. source: Central Bank Of Costa Rica

GDP Growth Rate in Costa Rica averaged 1.05 percent from 1991 until 2022, reaching an all time high of 4.40 percent in the third quarter of 1992 and a record low of -8.10 percent in the second quarter of 2020. This page provides the latest reported value for - Costa Rica GDP 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 Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

GDP Growth Rate in Costa Rica is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica GDP Growth Rate is projected to trend around 0.50 percent in 2023, according to our econometric models.

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Costa Rica GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate -0.50 1.00 percent Mar 2022
GDP Annual Growth Rate 6.90 8.90 percent Mar 2022
GDP Constant Prices 9621435.16 9622326.42 CRC Million Mar 2022
Gross Fixed Capital Formation 1701644.80 1627852.80 CRC Million Mar 2022
GDP from Utilities 234062.02 236621.64 CRC Million Mar 2022
GDP from Transport 439033.75 424312.47 CRC Million Mar 2022
GDP from Services 832085.93 830513.37 CRC Million Mar 2022
GDP from Public Administration 370061.95 368957.22 CRC Million Mar 2022
GDP from Mining 26766.30 25869.82 CRC Million Mar 2022
GDP from Manufacturing 1263919.16 1278121.96 CRC Million Mar 2022
GDP from Construction 368883.72 380114.08 CRC Million Mar 2022
GDP from Agriculture 423436.47 433955.56 CRC Million Mar 2022

Costa Rica GDP Growth Rate
Costa Rica is an upper middle-income country with a service based economy where commerce, tourism and services account for more than 60 percent of GDP. However, in recent years, the country has been diversifying its industrial base and it has become an important producer of electronic components and medical equipment, mostly due to rise in foreign direct investment.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.00 4.40 -8.10 1991 - 2022 percent Quarterly