Industry Sector Contribution to GDP in Costa Rica (1990-2022)

Industry Sector Contribution to GDP in Costa Rica (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Costa Rica (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Costa Rica
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Costa Rica’s industrial contribution to GDP was 25.7% in 1990, but it followed a declining trend through the decades. By 2003, it had dropped to 24.2%, influenced by Costa Rica's shift towards high-value services, especially in technology and ecotourism. Industrial activity further decreased to 19.3% by 2017 as the country pursued sustainable growth and reduced dependence on traditional manufacturing. The COVID-19 pandemic temporarily pushed the sector to 20.4% in 2020, reflecting heightened demand for Costa Rica's exports, especially medical devices and electronic components. Despite this increase, industrial contribution stabilized at 20.6% in 2021 and 2022, showing Costa Rica’s continued prioritization of service and sustainable industries over traditional manufacturing.

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