Costa Rica
ECON COMPLEXITY (2018)
0.27
RANK 53 OF 137
PRODUCT EXPORTS (2018)
$12.9B
RANK 80 OF 222
EXPORTS PER CAPITA (2018)
$2.59K
RANK 167 OF 219
PRODUCT IMPORTS (2018)
$15.7B
RANK 82 OF 221
IMPORTS PER CAPITA (2018)
$3.14K
RANK 183 of 219
SERVICE EXPORTS (2018)
$7.56B
RANK 34 OF 88
SERVICE IMPORTS (2018)
$3.5B
RANK 46 OF 88
GDP (2018)
$60.1B
CURRENT US$
RANK 77 OF 196
GDP GROWTH (2008-2018)
96.4%
CURRENT US$
RANK 32 OF 196
GDP PC (2018)
$12,027
CURRENT US$
RANK 65 OF 196
GDP PC GROWTH (2008-2018)
75.3%
CURRENT US$
RANK 28 OF 196
Overview: In 2018 Costa Rica was the number 77 economy in the world in terms of GDP (current US$), the number 80 in total exports, the number 82 in total imports, and the number 53 most complex economy according to the Economic Complexity Index (ECI). In 2018, Costa Rica exported $12.9B and imported $15.7B, resulting in a negative trade balance of -$2.77B. In 2018, Costa Rica’s exports per capita were $2.59k and its imports per capita were $3.14k.
Trade: The top exports of Costa Rica are Medical Instruments ($2.69B), Bananas ($1.22B), Tropical Fruits ($1.18B), Orthopedic Appliances($845M), and Other Edible Preparations ($427M). The top imports of Costa Rica are Refined Petroleum ($1.62B), Cars ($592M), Broadcasting Equipment ($523M), Medical Instruments ($406M), and Packaged Medicaments ($355M).
Destinations: Costa Rica exports mostly to United States ($4.7B), Netherlands ($704M), Belgium-Luxembourg ($698M), Panama ($581M), and Guatemala ($571M), and imports mostly from United States($6.3B), China ($2.07B), Mexico ($1.09B), Brazil ($487M), and Guatemala ($408M).
Location: Costa Rica borders Nicaragua and Panama by land and Colombia and Ecuador by sea.
Exports
In 2018 Costa Rica exported a total of $12.9B, making it the number 80 exporter in the world. During the last five reported years the exports of Costa Rica have changed by -$13.1B from $26.1B in 2013 to $12.9B in 2018.
The most recent exports are led by Medical Instruments ($2.69B), Bananas ($1.22B), Tropical Fruits ($1.18B), Orthopedic Appliances ($845M), and Other Edible Preparations ($427M).
Imports
In 2018 Costa Rica imported $15.7B, making it the number 82 trade destination in the world. During the last five reported years the imports of Costa Rica changed by -$2.34B from $18.1B in 2013 to $15.7B in 2018.
The most recent imports of Costa Rica are led by Refined Petroleum ($1.62B), Cars ($592M), Broadcasting Equipment ($523M), Medical Instruments ($406M), and Packaged Medicaments ($355M).
Trade Balance
As of 2018 Costa Rica had a positive trade balance of $525M in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $217M in net exports.
Destinations
The most common destination for the exports of Costa Rica are United States ($4.7B), Netherlands ($704M), Belgium-Luxembourg ($698M), Panama ($581M), and Guatemala ($571M).
Origins
The most common import partners for Costa Rica are United States ($6.3B), China ($2.07B), Mexico ($1.09B), Brazil ($487M), and Guatemala ($408M).