Costa Rica Gross Domestic Product (GDP) by Year (1961–2023)

Costa Rica Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). Costa Rica Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Costa Rica
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Costa Rica's GDP growth illustrates its transition from an agricultural economy to a leader in eco-tourism and technology. In 1961, GDP was just $490 million, doubling by 1980 to $4.8 billion, fueled by exports of coffee and bananas. The 1980s debt crisis caused GDP to contract sharply, but reforms and diversification spurred recovery in the 1990s, with GDP reaching $15 billion in 2000.

The 2000s saw consistent growth, driven by tourism and foreign direct investment in tech industries, reaching $64.4 billion in 2019. Despite the pandemic's impact, Costa Rica’s GDP rebounded to $86.5 billion in 2023, underpinned by green energy initiatives and a strong services sector.

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