Data at glance of Costa Rica - average on period

variable 1980-1989 1990-1999 2000-2007 2008-2009 2010-2019 2022 2023 2024 2025 2026
real gdp growth 2.5 4.92 4.98 2.25 2.89 4.8 4.1 4.6 3.6 3.6
CPI % 27.17 15.19 11.29 6.75 2.65 0.5 -0.4 -0.1 -0.4 2.0
Unemployment rate 6.53 5.18 5.97 8.5 11.11 7.3 6.9 6.3 7.0 7.2
Debt/GDP % - 36.58 35.49 27.05 44.1 60.4 58.9 60.4 61.1 61.4
Current account balance/GDP % -6.68 -4.23 -4.95 -2.5 -3.42 -1.3 -0.9 -0.7 -1.5 -1.6

Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here

History

Although explored by the Spanish early in the 16th century, initial attempts at colonizing Costa Rica proved unsuccessful due to a combination of factors, including disease from mosquito-infested swamps, brutal heat, resistance from Indigenous populations, and pirate raids. It was not until 1563 that a permanent settlement of Cartago was established in the cooler, fertile central highlands. The area remained a colony for some two-and-a-half centuries. In 1821, Costa Rica was one of several Central American provinces that jointly declared independence from Spain. Two years later it joined the United Provinces of Central America, but this federation disintegrated in 1838, at which time Costa Rica proclaimed its sovereignty and independence. Since the late 19th century, only two brief periods of violence have marred the country's democratic development. General Federico TINOCO Granados led a coup in 1917, but the threat of US intervention pushed him to resign in 1919. In 1948, landowner Jose FIGUERES Ferrer raised his own army and rebelled against the government. The brief civil war ended with an agreement to allow FIGUERES to remain in power for 18 months, then step down in favor of the previously elected Otilio ULATE. FIGUERES was later elected twice in his own right, in 1953 and 1970. Costa Rica experienced destabilizing waves of refugees from Central American civil wars in the 1970s and 1980s, but peace in the region has since helped the economy rebound. Although it still maintains a large agricultural sector, Costa Rica has expanded its economy to include strong technology and tourism industries.

Environment

Area: 51,100 sq km km2

Climate: tropical and subtropical; dry season (December to April); rainy season (May to November); cooler in highlands

Natural resources: hydropower

Ethnic characteristics

Groups: White or Mestizo 83.6%, Mulatto 6.7%, Indigenous 2.4%, Black or African descent 1.1%, other 1.1%, none 2.9%, unspecified 2.2% (2011 est.)

Languages: Spanish (official), English

Religions: Roman Catholic 47.5%, Evangelical and Pentecostal 19.8%, Jehovah's Witness 1.4%, other Protestant 1.2%, other 3.1%, none 27% (2021 est.)

Government

Capital: San José

Government type: presidential republic

Executive branch

Chief of state: President Rodrigo CHAVES Robles (since 8 May 2022)

Head of government: President Rodrigo CHAVES Robles (since 8 May 2022)

Legislative branch

Description: Legislative Assembly (Asamblea Legislativa) - unicameral

Economic Overview

trade-based upper middle-income economy; green economy leader, having reversed deforestation; investing in blue economy infrastructure; declining poverty until hard impacts of COVID-19; lingering inequality and growing government debts have prompted a liquidity crisis

Industries

medical equipment, food processing, textiles and clothing, construction materials, fertilizer, plastic products

GDP by sector: Agriculture: 3.6% (2024 est.), Industry: 19.7% (2024 est.), Services: 68.8% (2024 est.)

Trade

Export partners: USA 40%, Netherlands 6%, China 5%, Guatemala 4%, Belgium 3% (2023)

Export commodities: medical instruments, integrated circuits, orthopedic appliances, bananas, tropical fruits (2023)

Import partners: USA 38%, China 15%, Mexico 6%, Brazil 3%, Guatemala 3% (2023)

Import commodities: refined petroleum, plastic products, cars, medical instruments, broadcasting equipment (2023)

Geography

Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Nicaragua and Panama

Defence

Military expenditure: 2024: 0.6% of GDP (2024 est.)

Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.