Costa Rica GDP Annual Growth Rate

Last Release

Sep 30, 2024

Actual

Units In

4.6

Frequency

Quarterly

Next Release

Jun 30, 2025

Time to Release

3 Months 23 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
10.29 Sep 2021	-7.16 Jun 2020	4.26 %	1992-2024	Central Bank of Costa Rica

The biggest sector of Costa Rica’s economy is services, which accounts for 63 percent of GDP. Within services the most important segments are: transport, communication and warehousing (16 percent of GDP); trade, restaurants and hotels (15 percent) and community, personal and social services (9 percent). Manufacturing, mining and quarrying create 21 percent of the wealth. Agriculture, forestry and fishing contribute for 9 percent of the output and construction and water and electricity distribution for the remaining 7 percent.

Latest Updates

Costa Rica's economy grew by 4.3% year-on-year in the fourth quarter of 2024, slightly accelerating from the 4.2% growth recorded in the previous quarter, driven by stronger performance in several sectors, including manufacturing (6.2% vs. 5.8% in Q3), information and communication (6.5% vs. 6.1%), finance and insurance (7.7% vs. 6.8%), and education and human health and social care (1.6% vs. 1.5%). Conversely, growth slowed in other areas, such as wholesale and retail trade (2.4% vs. 3.3%), real estate (3.8% vs. 4.8%), and professional, scientific, technical, and administrative services (6.9% vs. 7.0%).