[ Nominal GDP in billions of USD ]
Year -
$95.35 billions
Costa Rica GDP expanded from 1960 to 2024, increasing from $0.51 billion to $95.35 billion.The compound annual growth rate (CAGR) averaged 8.52% over the period. The economy recorded its peak level in 2024 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 45.96%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 95.35 Billions | $ 154.22 Int Billions |
| Growth (YoY) | 10.234% | 7.592% |
| Net Change vs Previous Year | $ 8.85 Billion | $ 10.88 Int Billion |
| % of World GDP | 0.09% | 0.08% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.51 | - | - | - | - | - |
| 1961 | 0.49 | -0.02 | -3.387 % | - | - | - |
| 1962 | 0.48 | -0.01 | -2.273 % | - | - | - |
| 1963 | 0.51 | 0.03 | 6.829 % | - | - | - |
| 1964 | 0.54 | 0.03 | 5.993 % | - | - | - |
| 1965 | 0.59 | 0.05 | 9.289 % | - | - | - |
| 1966 | 0.65 | 0.05 | 9.161 % | - | - | - |
| 1967 | 0.7 | 0.05 | 8.057 % | - | - | - |
| 1968 | 0.77 | 0.07 | 10.635 % | - | - | - |
| 1969 | 0.85 | 0.08 | 10.311 % | - | - | - |
| 1970 | 0.98 | 0.13 | 15.37 % | - | - | - |
| 1971 | 1.08 | 0.09 | 9.374 % | - | - | - |
| 1972 | 1.24 | 0.16 | 14.957 % | - | - | - |
| 1973 | 1.53 | 0.29 | 23.475 % | - | - | - |
| 1974 | 1.67 | 0.14 | 9.001 % | - | - | - |
| 1975 | 1.96 | 0.29 | 17.66 % | - | - | - |
| 1976 | 2.41 | 0.45 | 23.035 % | - | - | - |
| 1977 | 3.07 | 0.66 | 27.352 % | - | - | - |
| 1978 | 3.52 | 0.45 | 14.672 % | - | - | - |
| 1979 | 4.04 | 0.51 | 14.541 % | - | - | - |
| 1980 | 4.83 | 0.8 | 19.723 % | - | - | - |
| 1981 | 2.62 | -2.21 | -45.693 % | - | - | - |
| 1982 | 2.61 | -0.02 | -0.655 % | - | - | - |
| 1983 | 3.15 | 0.54 | 20.722 % | - | - | - |
| 1984 | 3.66 | 0.51 | 16.325 % | - | - | - |
| 1985 | 3.92 | 0.26 | 7.068 % | - | - | - |
| 1986 | 4.42 | 0.5 | 12.752 % | - | - | - |
| 1987 | 4.53 | 0.11 | 2.579 % | - | - | - |
| 1988 | 4.61 | 0.08 | 1.802 % | - | - | - |
| 1989 | 5.25 | 0.64 | 13.791 % | - | - | - |
| 1990 | 5.71 | 0.46 | 8.773 % | 15.67 | - | - |
| 1991 | 7.22 | 1.5 | 26.333 % | 16.57 | 0.9 | 5.724 % |
| 1992 | 8.58 | 1.36 | 18.904 % | 18.51 | 1.94 | 11.69 % |
| 1993 | 9.56 | 0.99 | 11.481 % | 20.29 | 1.78 | 9.636 % |
| 1994 | 10.49 | 0.93 | 9.672 % | 21.66 | 1.37 | 6.751 % |
| 1995 | 11.58 | 1.09 | 10.378 % | 23.03 | 1.37 | 6.338 % |
| 1996 | 11.68 | 0.1 | 0.862 % | 23.77 | 0.74 | 3.206 % |
| 1997 | 12.61 | 0.94 | 8.016 % | 25.51 | 1.73 | 7.295 % |
| 1998 | 13.68 | 1.07 | 8.479 % | 27.64 | 2.13 | 8.36 % |
| 1999 | 14.25 | 0.57 | 4.17 % | 29.21 | 1.57 | 5.69 % |
| 2000 | 15.01 | 0.76 | 5.323 % | 31.03 | 1.82 | 6.222 % |
| 2001 | 15.98 | 0.96 | 6.411 % | 32.83 | 1.81 | 5.821 % |
| 2002 | 16.58 | 0.6 | 3.772 % | 34.48 | 1.65 | 5.024 % |
| 2003 | 17.27 | 0.69 | 4.18 % | 36.68 | 2.2 | 6.377 % |
| 2004 | 18.61 | 1.34 | 7.752 % | 39.34 | 2.65 | 7.233 % |
| 2005 | 20.04 | 1.43 | 7.684 % | 42.18 | 2.85 | 7.237 % |
| 2006 | 22.72 | 2.67 | 13.347 % | 46.67 | 4.49 | 10.636 % |
| 2007 | 26.88 | 4.17 | 18.354 % | 51.87 | 5.2 | 11.147 % |
| 2008 | 30.8 | 3.92 | 14.57 % | 55.37 | 3.5 | 6.756 % |
| 2009 | 30.75 | -0.06 | -0.182 % | 55.23 | -0.15 | -0.262 % |
| 2010 | 37.66 | 6.91 | 22.484 % | 58.9 | 3.67 | 6.641 % |
| 2011 | 42.76 | 5.1 | 13.553 % | 62.76 | 3.86 | 6.557 % |
| 2012 | 47.23 | 4.47 | 10.451 % | 67.46 | 4.7 | 7.486 % |
| 2013 | 50.95 | 3.72 | 7.872 % | 71.84 | 4.38 | 6.491 % |
| 2014 | 52.02 | 1.07 | 2.094 % | 78.15 | 6.31 | 8.79 % |
| 2015 | 56.44 | 4.43 | 8.508 % | 84.44 | 6.29 | 8.043 % |
| 2016 | 58.85 | 2.41 | 4.261 % | 93.45 | 9.02 | 10.68 % |
| 2017 | 60.52 | 1.67 | 2.836 % | 100.72 | 7.26 | 7.771 % |
| 2018 | 62.42 | 1.9 | 3.146 % | 106.58 | 5.87 | 5.824 % |
| 2019 | 64.42 | 2 | 3.2 % | 116.69 | 10.11 | 9.481 % |
| 2020 | 62.4 | -2.02 | -3.139 % | 111.26 | -5.43 | -4.653 % |
| 2021 | 64.96 | 2.57 | 4.111 % | 120.7 | 9.44 | 8.483 % |
| 2022 | 69.24 | 4.28 | 6.593 % | 131.74 | 11.05 | 9.153 % |
| 2023 | 86.5 | 17.25 | 24.918 % | 143.34 | 11.6 | 8.801 % |
| 2024 | 95.35 | 8.85 | 10.234 % | 154.22 | 10.88 | 7.592 % |
Between 1960 to 2024, Costa Rica experienced the following economic phases:
The most remarkable growth occurred in 1977 with an increase of 27.352%, while the largest decline was in 1981 at -45.693%.