Costa Rica GDP Growth Rate (1961–2023)
Costa Rica’s GDP growth has been shaped by agricultural exports, tourism, and economic diversification. The 1960s and 1970s were periods of rapid expansion, peaking at in 1977, driven by investments in infrastructure and agribusiness. The 1980s, however, introduced economic instability, with a severe - contraction in 1982, influenced by external debt crises and fiscal imbalances.
Growth rebounded in the late 1980s and 1990s, driven by structural reforms, export-led development, and investment in high-tech industries. The global financial crisis of 2009 caused a - contraction, but Costa Rica recovered, achieving growth of in 2021 after a pandemic-induced decline of - in 2020.
By 2023, growth stabilized at , supported by strong tourism recovery, green technology investments, and resilient service exports, despite global economic uncertainties.
For a deeper dive into the topic, explore Costa Rica’s population count, Costa Rica’s industrial sector GDP share, Costa Rica’s population density.
