Costa Rica GDP Annual Growth Rate

Last Release

Sep 30, 2024

Actual

Units In

4.6

Frequency

Quarterly

Next Release

Mar 31, 2025

Time to Release

3 Months 0 Days 8 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 GDP expanded by 4% year-on-year in the third quarter of 2024, slowing from the 4.2% expansion in the preceding quarter. Growth eased in transportation & storage (7.7% vs. 8.3% in Q2), agriculture, forestry & fishing (0.5% vs. 2%), mining & quarrying (3% vs. 4.7%), and wholesale & retail trade (3.1% vs. 4.4%), while electricity, water & sanitation services (-2.8% vs. -0.9%) and construction (-0.8% vs. 0.9%) contracted.Conversely, production accelerated in information & communication (6.2% vs. 6.1%), and professional, scientific, technical, administrative activities & support services (6.7% vs. 6.2%). On a seasonally adjusted quarterly basis, the economy grew by 0.95%, up from 0.91% in the previous period.