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

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

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TGM StatBox. (2024). Services Sector Contribution to GDP in Costa Rica (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Costa Rica
Published date: 2024
Note: Services (% of GDP), according to World Development Indicators, measures the contribution of the services sector (such as retail, finance, healthcare, and tourism) to a country's GDP.
Key Takeaways
Costa Rica’s services sector saw a robust increase, rising from 58.5% in 1990 to 69.2% by 2019. The expansion reflects Costa Rica’s investment in ecotourism, technology, and shared services. While the sector experienced slight dips in the early 1990s, it steadily grew as the nation established itself as a regional hub for tech and service industries. Between 2014 and 2019, the sector peaked at over 66%, benefiting from an influx of multinational firms and tech investments. Although the COVID-19 pandemic slightly reduced its share to 68.2% in 2020, it stabilized around 67% in 2021 and 2022, showing a durable services-led economic model.

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