The decline continued into the 2010s, with growth rates falling to 0.8% by 2020. The trend reflects Costa Rica’s demographic transition, with a mature economy and aging population contributing to slower growth. By 2023, the rate stabilized at 0.6%, indicative of the country's shift toward demographic patterns common in developed nations.
Gain a broader perspective by reviewing Costa Rica’s median age shift, Costa Rica’s annual GDP growth rate, Costa Rica’s industrial sector GDP share.