Source: world bank Nominal/PPP
Summary:
Costa Rica GDP Per Capita expanded from 1960 to 2024, increasing from $382.31 to $18,587.15 .The compound annual growth rate (CAGR) averaged 6.26% over the period. The economy recorded its peak level in 2024 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 48.92%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Costa Rica Economic Phases (1960 - 2024)
From 1960 to 2024, Costa Rica economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1961–1962) indicating temporary slowdown
- Expansion (1963–1964) indicating steady moderate growth
- High Growth (1965–1966) indicating robust economic expansion
- High Growth (1968–1980) indicating robust economic expansion
- High Growth (1983–1984) indicating robust economic expansion
- Contraction (1987–1988) indicating temporary slowdown
- High Growth (1989–1995) indicating robust economic expansion
- High Growth (1997–1998) indicating robust economic expansion
- Expansion (1999–2003) indicating steady moderate growth
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2013) indicating robust economic expansion
- Expansion (2016–2019) indicating steady moderate growth
- High Growth (2022–2024) indicating robust economic expansion
The most remarkable growth occurred in 2023 with an increase of 24.337%, while the largest decline was in 1981 at -47.152%.