21, Nov 2009, CST. Welcome to the Costa Rica economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Costa Rica › Change country
National or Regional Currency: Costa Rican C, CRC
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 4,253,877 (July 2009 est.)
Area: total: 51,100 sq km land: 50,660 sq km water: 440 sq km note: includes Isla del Coco
Natural Resources: hydropower
Government Type: Costa Rica government type
Government Ministers: Costa Rica ministers
Capital: San Jose
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Costa Rica's basically stable economy depends on tourism and transportation, Agriculture, fisheries and farming, and electronics exports. Exports have become more diversified in the past 10 years due to the growth of the high-tech industrial manufacturing sector, which is dominated by the microprocessor industry and the production of medical devices. Tourism and transportation perpetuates to bring in foreign currency exchange, as Costa Rica's impressive biodiversity makes it a key desticountry for ecotourism and transportation. Foreign investors remain attracted by the country's political stability and relatively high education levels, as well as the financial incentives and subsidies offered in the open or free-trade (imports and exports) zones. Costa Rica has attracted amongst the highest levels of Foreign Direct Investment (FDI) per capita in Latin America. Poverty has remained around 20 per cent for nearly 20 years, and the strong social safety net that had been put into place by the state has eroded due to increased financial constraints on government costs. Immigration from Nicaragua has increasingly become a concern for the state. The estimated 300,000-500,000 Nicaraguans in Costa Rica legally and illegally are an important source of - mostly unskilled - workforce, but also place heavy demands on the social welfare system. under the ARIAS government, the state has made strides in reducing internal and external public state debt - in 2007, Costa Rica had its first budget surplus in 50 years. Reducing inflation rates remains a difficult problem because of rising commodity import prices or pricing and workforce market rigidities, though reduced oil and gas prices or pricing will decrease upward pressures. The national national Central Bank is moving towards a more flexible Currency Exchange Rate system to focus on inflation rates targeting by 2010. The USA-Central America Free trade (imports and exports) Agreement (CAFTA) entered into force on 1 January 2009, after marked delays within the Costa Rican legislature. Nevertheless, growth of the economy has delayeded in 2009 as the global downturn reduction ofd export demand and invesment in flows.
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GDP (Constant Prices, National Currency) for Costa Rica in year 2008 is CRC 2,099.14 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Costa Rica in year 2008 is 2.941 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Costa Rica in year 2008 is CRC 15,699.92 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Costa Rica in year 2008 is US$ 29.828 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Costa Rica in year 2008 is 747.92 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Costa Rica in year 2008 is CRC 463,063.89 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Costa Rica in year 2008 is CRC 3,463,347.45 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Costa Rica in year 2008 is US$ 6,579.88 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Costa Rica in year 2008 is not available

GDP (PPP), US Dollars for Costa Rica in year 2008 is US$ 48.741 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Costa Rica in year 2008 is US$ 10,752.04 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Costa Rica in year 2008 is 0.071 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Costa Rica in year 2008 is 322.111 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Costa Rica in year 2008 is not available

Gross National Savings (% of GDP) for Costa Rica in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Costa Rica in year 2008 is 234.917 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Costa Rica in year 2008 is 13.426 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Costa Rica in year 2008 is 238.23 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Costa Rica in year 2008 is 13.856 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Costa Rica in year 2008 is not available

Unemployment Rate (% of Labour Force) for Costa Rica in year 2008 is not available

Employment for Costa Rica in year 2008 is not available

Population for Costa Rica in year 2008 is 4.533 Million .

General Government Balance (National Currency) for Costa Rica in year 2008 is not available

General Government Balance (% of GDP) for Costa Rica in year 2008 is not available

General Government Structural Balance (National Currency) for Costa Rica in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Costa Rica in year 2008 is not available

General Government Net Debt (National Currency) for Costa Rica in year 2008 is not available

General Government Net Debt (% GDP) for Costa Rica in year 2008 is not available

General Government Gross Debt (National Currency) for Costa Rica in year 2008 is not available

General Government Gross Debt (% GDP) for Costa Rica in year 2008 is not available

Current Account Balance (US Dollars) for Costa Rica in year 2008 is US$ -2.64 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Costa Rica in year 2008 is -8.851 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.