Costa Rica’s GDP advanced 9.9 percent year-on-year in the fourth quarter of 2021, following an upwardly revised 10.6 percent expansion in the previous quarter. Output eased for wholesale and retail trade (9.5 percent vs 11.7 percent), transport and storage (32.9 percent vs 40.7 percent), accommodation and food service activities (67.4 percent vs 71.2 percent), manufacturing (9.2 percent vs 15.4 percent), utilities (3.9 percent vs 3.5 percent), agriculture (3.5 percent vs 4.6 percent) and mining & quarrying (3.5 percent vs 10.2 percent). Meanwhile, output accelerated for construction (10.9 percent vs 9.8 percent) and real estate activities (6 percent vs 4.6 percent). source: Central Bank of Costa Rica
GDP Annual Growth Rate in Costa Rica averaged 4.24 percent from 1992 until 2021, reaching an all time high of 10.60 percent in the third quarter of 2021 and a record low of -7.20 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
GDP Annual Growth Rate in Costa Rica is expected to be 2.80 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 Annual Growth Rate is projected to trend around 3.10 percent in 2023, according to our econometric models.