Costa Rica’s GDP grew by 3.9% year-on-year in the first quarter of 2025, slowing from a 4.3% expansion in the preceding quarter. Growth accelerated in education and human health and social care (2.3% vs 2.0% in Q4 2024) and wholesale & retail trade (2.8% vs. 2.7%), while it rebounded for electricity, water & sanitation services (1.4% vs -2.4%). Conversely, production moderated in manufacturing (5.8% vs 6.3%), construction (2.8% vs 4.4%), transport and storage (5.4% vs 7.2%), accommodation and food services activities (0.1% vs 1.4%), information and communications (4.2% vs 5.5%), real estate (2.6% vs 3.4%), and financial and insurance activities (5.7% vs 5.8%). Meanwhile, the mining and quarrying sector contracted (-2.3% vs. 0.5%). On a seasonally adjusted quarterly basis, the economy grew by 0.2%, easing from 1.6% in the previous period. source: Central Bank of Costa Rica

The Gross Domestic Product (GDP) in Costa Rica expanded 3.90 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Costa Rica averaged 4.29 percent from 1992 until 2025, reaching an all time high of 11.10 percent in the third quarter of 2021 and a record low of -7.00 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 September of 2025.

The Gross Domestic Product (GDP) in Costa Rica expanded 3.90 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Costa Rica is expected to be 4.20 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 4.50 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-05 12:40 PM
GDP Growth Rate YoY
Q4 4.3% 4.2% 4.5%
2025-05-09 03:35 AM
GDP Growth Rate YoY
Q1 3.9% 4.3% 4%
2025-09-30 03:00 PM
GDP Growth Rate YoY
Q2 3.9% 3.8%


Related Last Previous Unit Reference
GDP Growth Rate YoY 3.90 4.30 percent Mar 2025
GDP Constant Prices 10929774.40 10867302.10 CRC Million Mar 2025
GDP from Agriculture 417557.77 425889.78 CRC Million Mar 2025
GDP from Construction 407973.42 416883.59 CRC Million Mar 2025
GDP from Manufacturing 1592692.17 1576975.46 CRC Million Mar 2025
GDP from Mining 28610.22 29387.56 CRC Million Mar 2025
GDP from Public Administration 377173.65 376089.53 CRC Million Mar 2025
GDP from Services 916965.36 909982.78 CRC Million Mar 2025
GDP from Transport 465677.49 466514.70 CRC Million Mar 2025
GDP from Utilities 261207.86 253627.22 CRC Million Mar 2025
GDP Growth Rate 0.20 1.60 percent Mar 2025
Gross Fixed Capital Formation 1746308.30 1765943.30 CRC Million Mar 2025

Costa Rica GDP Annual Growth Rate
The biggest sector of Costa Rica’s economy is services, which accounts for 63 percent of GDP. Within services the most important segments are: transport, communication and warehousing (16 percent of GDP); trade, restaurants and hotels (15 percent) and community, personal and social services (9 percent). Manufacturing, mining and quarrying create 21 percent of the wealth. Agriculture, forestry and fishing contribute for 9 percent of the output and construction and water and electricity distribution for the remaining 7 percent.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 4.30 11.10 -7.00 1992 - 2025 percent Quarterly
2017 Constant Prices, NSA

News Stream
Costa Rica GDP Growth Slows to 3.9% in Q1 2025
Costa Rica’s GDP grew by 3.9% year-on-year in the first quarter of 2025, slowing from a 4.3% expansion in the preceding quarter. Growth accelerated in education and human health and social care (2.3% vs 2.0% in Q4 2024) and wholesale & retail trade (2.8% vs. 2.7%), while it rebounded for electricity, water & sanitation services (1.4% vs -2.4%). Conversely, production moderated in manufacturing (5.8% vs 6.3%), construction (2.8% vs 4.4%), transport and storage (5.4% vs 7.2%), accommodation and food services activities (0.1% vs 1.4%), information and communications (4.2% vs 5.5%), real estate (2.6% vs 3.4%), and financial and insurance activities (5.7% vs 5.8%). Meanwhile, the mining and quarrying sector contracted (-2.3% vs. 0.5%). On a seasonally adjusted quarterly basis, the economy grew by 0.2%, easing from 1.6% in the previous period.
2025-05-09
Costa Rica Economy Grows 4.3% in Q4
Costa Rica's economy grew by 4.3% year-on-year in the fourth quarter of 2024, slightly accelerating from the 4.2% growth recorded in the previous quarter, driven by stronger performance in several sectors, including manufacturing (6.2% vs. 5.8% in Q3), information and communication (6.5% vs. 6.1%), finance and insurance (7.7% vs. 6.8%), and education and human health and social care (1.6% vs. 1.5%). Conversely, growth slowed in other areas, such as wholesale and retail trade (2.4% vs. 3.3%), real estate (3.8% vs. 4.8%), and professional, scientific, technical, and administrative services (6.9% vs. 7.0%).
2025-03-05
Costa Rica GDP Growth Eases to 4% in Q3 2024
Costa Rica’s GDP expanded by 4% year-on-year in the third quarter of 2024, slowing from the 4.2% expansion in the preceding quarter. Growth eased in transportation & storage (7.7% vs. 8.3% in Q2), agriculture, forestry & fishing (0.5% vs. 2%), mining & quarrying (3% vs. 4.7%), and wholesale & retail trade (3.1% vs. 4.4%), while electricity, water & sanitation services (-2.8% vs. -0.9%) and construction (-0.8% vs. 0.9%) contracted.Conversely, production accelerated in information & communication (6.2% vs. 6.1%), and professional, scientific, technical, administrative activities & support services (6.7% vs. 6.2%). On a seasonally adjusted quarterly basis, the economy grew by 0.95%, up from 0.91% in the previous period.
2024-12-27