Costa Rica GDP Growth Rate  1991-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Costa Rica expanded 1.75 percent in the first quarter of 2016 over the previous quarter. GDP Growth Rate in Costa Rica averaged 1.18 percent from 1991 until 2016, reaching an all time high of 7.34 percent in the second quarter of 1997 and a record low of -3.18 percent in the first quarter of 1997.

Costa Rica GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-07-01 12:00 AM Q1 0.13% 0.55% 1.75%
2015-04-01 12:00 AM Q4 -0.8% 1.58%(R) 0.29%
2015-07-01 02:00 AM Q1 0.19% -0.8% -0.1%




Costa Rica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.75 0.70 7.34 -3.18 percent [+]
GDP Annual Growth Rate 4.21 4.46 12.60 -4.63 percent [+]
GDP 51.11 49.55 51.11 0.48 USD Billion [+]
GDP Constant Prices 615839.40 605924.10 615839.40 195881.10 CRC Million [+]
Gross Fixed Capital Formation 171078.70 187663.40 187663.40 36748.20 CRC Million [+]
GDP per capita 9129.53 8978.37 9129.53 2555.85 USD [+]
GDP per capita PPP 14471.79 14232.18 14471.79 7291.15 USD [+]



Costa Rica GDP Growth Rate Notes

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. Indeed, Costa Rica has one of the highest levels of foreign direct investment per capita in Latin America. Nevertheless, in order to keep a steady pace of growth and even attract higher levels of FDI, the country needs to reduce the level of bureaucracy and improve enforcement in the legal system. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.75 0.70 7.34 -3.18 1991 - 2016 percent Quarterly



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