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Costa Rica GDP Annual Growth Rate

Costa Rica's GDP annual growth rate fell to 4.32% in 2024, down from 5.11% in 2023, according to World Bank. This represents a decrease of 0.79% from the previous year. Costa Rica has GDP annual growth rate higher than the global median (4.32% vs median 3.24%). Compared with the median in Americas, Costa Rica is higher (4.32% vs regional median 3.27%) and ranks 8th out of 44 countries in Americas.

Costa Rica's real GDP rose to $76.26 billion in 2024, up from $73.11 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 4.32%
2023 5.11%
2022 4.55%
2021 7.94%
2020 -4.27%
2019 2.42%
2018 2.62%
2017 4.16%
2016 4.2%
2015 3.65%
2014 3.54%
2013 2.49%
2012 4.88%
2011 4.4%
2010 5.36%
2009 -0.87%
2008 4.74%
2007 8.22%
2006 7.33%
2005 3.98%
2004 4.42%
2003 4.32%
2002 3.42%
2001 3.49%
2000 3.87%
1999 4.21%
1998 7.16%
1997 5.48%
1996 1.35%
1995 4.15%
1994 4.52%
1993 7.1%
1992 9.2%
1991 2.27%
1990 3.55%
1989 5.67%
1988 3.43%
1987 4.76%
1986 5.54%
1985 0.72%
1984 8.02%
1983 2.86%
1982 -7.29%
1981 -2.26%
1980 0.75%
1979 4.94%
1978 6.27%
1977 8.9%
1976 5.52%
1975 2.1%
1974 5.54%
1973 7.71%
1972 8.18%
1971 6.78%
1970 7.5%
1969 5.49%
1968 8.47%
1967 5.65%
1966 6.97%
1965 8.19%
1964 3.66%
1963 6.9%
1962 5.44%
1961 1.88%
Costa Rica GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Costa Rica's total economic output.
Indicator Last Value Prior Value Period
GDP $95.35B $86.5B 2024
GDP per Capita $14,866.58 $14,318.84 2024
GDP per Capita PPP $26,973.44 $25,979.63 2024
R&D Expenditure (% GDP) 0.34% 0.27% 2022
Real GDP $76.26B $73.11B 2024