The Costa Rica economy thrives on tourism, agriculture, and high-tech exports. Eco-tourism, driven by rainforests and beaches, attracts global visitors, while coffee and bananas remain key exports. The technology sector, including microchip production, draws foreign investment. Stable governance and environmental policies support growth, though high public debt and inequality pose challenges. Investments in renewable energy and education aim to sustain competitiveness in a diversified, service-oriented economy.
Costa Rica Economy Size
Costa Rica’s economy, valued at $70 billion, is mid-sized, driven by tourism and tech exports. Its GDP reflects stable growth, supported by a skilled workforce. See Costa Rica GDP.
Costa Rica Purchasing Power Parity (PPP)
Costa Rica’s economy has a PPP GDP of $140 billion, double its $70 billion nominal GDP, reflecting lower costs for tourism and tech. PPP per capita is about $27,000, indicating strong purchasing power. Services benefit from cost advantages, but reliance on exports limits PPP gains, with stability supporting growth.
Costa Rica Growth Rate
The economic growth rate is 3.8% in 2024, driven by tourism and tech exports. Political stability and foreign investment in medical devices and renewables support growth, but reliance on U.S. markets poses risks. Agriculture contributes modestly, while digital economy expansion enhances resilience, positioning the economy for steady progress.
Costa Rica Inflation
Costa Rica’s inflation rate is approximately 2% in 2024, among the lowest regionally, due to stable monetary policy and U.S. dollar ties. Rising global food and fuel prices add modest pressure, while tourism recovery drives service costs. Agricultural exports stabilize prices, with central bank measures keeping inflation low despite external shocks.
